Divisadero Street Capital Management LP purchased a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,000 shares of the company’s stock, valued at approximately $1,473,000.
Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Ollie’s Bargain Outlet in the 2nd quarter worth $25,000. ORG Partners LLC acquired a new position in shares of Ollie’s Bargain Outlet during the first quarter worth about $28,000. Opal Wealth Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet during the second quarter worth about $31,000. Crewe Advisors LLC acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $36,000. Finally, Versant Capital Management Inc bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $38,000.
Ollie’s Bargain Outlet Stock Performance
Shares of OLLI opened at $97.81 on Friday. The firm has a market cap of $6.00 billion, a P/E ratio of 30.85, a price-to-earnings-growth ratio of 2.45 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98. The firm’s 50-day simple moving average is $95.47 and its 200 day simple moving average is $85.96.
Insider Activity
In related news, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at $284,592.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 2,732 shares in the company, valued at approximately $284,592.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
OLLI has been the topic of a number of recent research reports. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Wells Fargo & Company boosted their price target on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. decreased their price objective on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Piper Sandler reissued an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, August 30th. Finally, Royal Bank of Canada lowered their price target on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.33.
Read Our Latest Research Report on OLLI
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.
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