Interval Partners LP Buys Shares of 70,481 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Interval Partners LP bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 70,481 shares of the company’s stock, valued at approximately $6,919,000. Interval Partners LP owned 0.12% of Ollie’s Bargain Outlet at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $25,000. ORG Partners LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $28,000. Opal Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $31,000. Crewe Advisors LLC purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth $36,000. Finally, Versant Capital Management Inc acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $38,000.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $101.68 on Tuesday. The firm has a market capitalization of $6.22 billion, a P/E ratio of 32.08, a P/E/G ratio of 2.48 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 company’s 50 day simple moving average is $95.38 and its 200-day simple moving average is $86.45.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. During the same period in the previous year, the company earned $0.67 earnings per share. The company’s revenue was up 12.4% compared to the same quarter last year. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Analysts Set New Price Targets

OLLI has been the topic of several recent research reports. UBS Group boosted their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Craig Hallum increased 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 report on Thursday, June 6th. Loop Capital reaffirmed a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Finally, Bank of America lifted their target price on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.33.

Insider Activity

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 10,610 shares in the company, valued at approximately $1,050,283.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the transaction, the senior vice president now 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.

About Ollie’s Bargain Outlet

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.