Divisadero Street Capital Management LP Invests $1.47 Million in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Divisadero Street Capital Management LP acquired a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, Holdings Channel.com reports. The fund acquired 15,000 shares of the company’s stock, valued at approximately $1,473,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. raised its holdings in shares of Ollie’s Bargain Outlet by 15.3% during the 1st quarter. Sei Investments Co. now owns 207,554 shares of the company’s stock worth $16,515,000 after buying an additional 27,531 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in Ollie’s Bargain Outlet during the first quarter worth about $1,621,000. Wells Fargo & Company MN lifted its holdings in shares of Ollie’s Bargain Outlet by 8.2% in the fourth quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock worth $15,233,000 after acquiring an additional 15,187 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at approximately $841,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at approximately $529,000.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP Kevin Mclain sold 15,000 shares of the 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 transaction, the senior vice president now owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the transaction, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the sale, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on OLLI. Morgan Stanley increased their price objective 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. Truist Financial boosted their price objective on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Loop Capital increased their target price on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, June 24th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Finally, Craig Hallum lifted their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $97.81 on Friday. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 2.45 and a beta of 0.84. The stock’s 50-day moving average is $95.47 and its 200 day moving average is $85.96. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same quarter last year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

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.