Geneva Capital Management LLC Sells 11,923 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Geneva Capital Management LLC cut its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,038,546 shares of the company’s stock after selling 11,923 shares during the quarter. Ollie’s Bargain Outlet makes up 2.0% of Geneva Capital Management LLC’s portfolio, making the stock its 14th largest position. Geneva Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $113,960,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of OLLI. Wilmington Savings Fund Society FSB increased its stake in shares of Ollie’s Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $26,000. Blue Trust Inc. increased its stake in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $58,000. Finally, UMB Bank n.a. increased its stake in shares of Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after purchasing an additional 110 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on OLLI shares. Royal Bank of Canada restated an “outperform” rating and set a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. Craig Hallum upped their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price target for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Wells Fargo & Company upped their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Finally, Piper Sandler upped their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average price target of $118.07.

Ollie’s Bargain Outlet Stock Up 1.9 %

Shares of NASDAQ:OLLI opened at $105.38 on Thursday. The company’s 50 day moving average price is $106.84 and its two-hundred day moving average price is $100.84. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The firm has a market cap of $6.46 billion, a PE ratio of 31.46, a PEG ratio of 2.21 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 54,318 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $5,275,008. This represents a 52.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the transaction, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,939 shares of company stock valued at $8,745,031. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.