Quest Partners LLC Acquires Shares of 2,018 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Quest Partners LLC acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 3rd quarter, HoldingsChannel reports. The firm acquired 2,018 shares of the company’s stock, valued at approximately $196,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Geneva Capital Management LLC increased its stake in Ollie’s Bargain Outlet by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock valued at $102,106,000 after buying an additional 13,369 shares during the period. American Century Companies Inc. increased its stake in Ollie’s Bargain Outlet by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock valued at $76,579,000 after buying an additional 41,605 shares during the period. Congress Asset Management Co. increased its stake in Ollie’s Bargain Outlet by 12.1% in the 3rd quarter. Congress Asset Management Co. now owns 680,590 shares of the company’s stock valued at $66,153,000 after buying an additional 73,396 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Ollie’s Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after purchasing an additional 512,928 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 199.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after purchasing an additional 372,914 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $101.09 on Thursday. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 30.76, a P/E/G ratio of 2.50 and a beta of 0.84. The company’s fifty day moving average is $94.86 and its two-hundred day moving average is $92.81. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. The company had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the business posted $0.67 EPS. As a group, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. The trade was a 58.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now owns 2,021 shares in the company, valued at approximately $191,348.28. This trade represents a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,912 shares of company stock worth $2,875,790 in the last ninety days. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

OLLI has been the topic of several analyst reports. UBS Group increased their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Bank of America increased their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Loop Capital restated a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Piper Sandler restated an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average price target of $104.92.

Ollie’s Bargain Outlet 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.