Impact Capital Partners LLC Acquires New Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Impact Capital Partners LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,703 shares of the company’s stock, valued at approximately $406,000.

A number of other large investors also recently bought and sold shares of OLLI. Janney Montgomery Scott LLC raised its position in Ollie’s Bargain Outlet by 5.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 8,122 shares of the company’s stock valued at $789,000 after purchasing an additional 402 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Ollie’s Bargain Outlet by 10.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,406 shares of the company’s stock valued at $428,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. raised its position in Ollie’s Bargain Outlet by 84.8% during the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock valued at $30,505,000 after purchasing an additional 143,996 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in Ollie’s Bargain Outlet by 8.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 39,673 shares of the company’s stock valued at $3,856,000 after purchasing an additional 3,008 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its position in Ollie’s Bargain Outlet by 20.6% during the 3rd quarter. Zions Bancorporation N.A. now owns 28,204 shares of the company’s stock valued at $2,741,000 after purchasing an additional 4,816 shares in the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Wells Fargo & Company lifted their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.29.

Insider Activity

In other news, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Larry Kraus sold 10,646 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the transaction, the senior vice president now directly owns 1,905 shares in the company, valued at $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $101.24 on Friday. The stock has a 50-day moving average of $105.43 and a two-hundred day moving average of $101.02. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The stock has a market cap of $6.20 billion, a PE ratio of 30.22, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. As a group, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Ollie’s Bargain Outlet Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.