Divisadero Street Capital Management LP Purchases Shares of 15,000 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Divisadero Street Capital Management LP purchased a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) 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.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same quarter last year, the company earned $0.67 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

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.

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.