Quest Partners LLC Acquires New Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Quest Partners LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,018 shares of the company’s stock, valued at approximately $196,000.

Other institutional investors have also modified their holdings of the company. Royce & Associates LP grew its position in shares of Ollie’s Bargain Outlet by 161.6% during the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock valued at $7,349,000 after buying an additional 46,706 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Ollie’s Bargain Outlet by 953.2% in 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. King Luther Capital Management Corp grew its position in Ollie’s Bargain Outlet by 36.0% in the 2nd quarter. King Luther Capital Management Corp now owns 109,827 shares of the company’s stock worth $10,782,000 after purchasing an additional 29,061 shares during the last quarter. Van ECK Associates Corp bought a new position in Ollie’s Bargain Outlet in the 2nd quarter worth about $2,397,000. Finally, Emerald Mutual Fund Advisers Trust grew its position in Ollie’s Bargain Outlet by 20.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 178,567 shares of the company’s stock worth $17,530,000 after purchasing an additional 30,217 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $101.09 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $104.98. The firm has a market cap of $6.20 billion, a PE ratio of 30.76, a P/E/G ratio of 2.50 and a beta of 0.84. The firm has a 50 day simple moving average of $94.86 and a 200 day simple moving average of $92.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting 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 business had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same period in the prior year, the business earned $0.67 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on OLLI. Bank of America upped their target price on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Loop Capital restated a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Royal Bank of Canada upped their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, UBS Group upped 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus target price of $104.92.

Insider Activity at Ollie’s Bargain Outlet

In related news, CFO Robert F. Helm sold 2,401 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares in the company, valued at approximately $191,348.28. This represents a 54.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Swygert sold 4,032 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. This trade represents a 7.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,912 shares of company stock valued at $2,875,790 over the last ninety days. Insiders own 0.87% of the company’s stock.

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.