Geneva Capital Management LLC Has $82.11 Million Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Geneva Capital Management LLC trimmed its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.5% during the first quarter, Holdings Channel reports. The firm owned 1,031,856 shares of the company’s stock after selling 5,548 shares during the period. Ollie’s Bargain Outlet comprises 1.4% of Geneva Capital Management LLC’s holdings, making the stock its 24th biggest holding. Geneva Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $82,105,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 194.3% during the 1st quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after buying an additional 204 shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in Ollie’s Bargain Outlet during the first quarter worth $29,000. YHB Investment Advisors Inc. bought a new position in shares of Ollie’s Bargain Outlet in the first quarter worth about $48,000. Partnership Wealth Management LLC bought a new position in Ollie’s Bargain Outlet in the 4th quarter worth approximately $68,000. Finally, CWM LLC lifted its stake in shares of Ollie’s Bargain Outlet by 25.8% during the fourth quarter. CWM LLC now owns 1,741 shares of the company’s stock valued at $132,000 after acquiring an additional 357 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. JPMorgan Chase & Co. raised Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 target price for the company in a research note on Monday, June 17th. Truist Financial reiterated a “buy” rating and set a $102.00 price objective on shares of Ollie’s Bargain Outlet in a report on Monday, July 1st. Royal Bank of Canada increased their target price on Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, Morgan Stanley lifted their price target on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.50.

Ollie’s Bargain Outlet Stock Up 2.3 %

Shares of OLLI stock traded up $2.25 during trading on Thursday, reaching $101.05. The company’s stock had a trading volume of 1,283,696 shares, compared to its average volume of 1,015,289. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $67.71 and a one year high of $101.80. The business has a fifty day moving average price of $86.04 and a 200-day moving average price of $78.75. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 31.70, a price-to-earnings-growth ratio of 2.71 and a beta of 0.90.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The firm had revenue of $508.82 million for the quarter, compared to analyst estimates of $506.49 million. During the same period in the previous year, the business earned $0.49 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. Research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.26 EPS for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.54, for a total value of $438,930.00. Following the completion of the transaction, the director now directly owns 5,659 shares in the company, valued at $551,978.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO John W. Swygert sold 14,736 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $86.81, for a total transaction of $1,279,232.16. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,184,242. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 4,500 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.54, for a total transaction of $438,930.00. Following the completion of the sale, the director now directly owns 5,659 shares in the company, valued at $551,978.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,384 shares of company stock worth $3,211,937. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.