Lisanti Capital Growth LLC Sells 2,220 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Lisanti Capital Growth LLC reduced its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,335 shares of the company's stock after selling 2,220 shares during the quarter. Ollie's Bargain Outlet comprises 1.7% of Lisanti Capital Growth LLC's portfolio, making the stock its 11th biggest position. Lisanti Capital Growth LLC owned 0.08% of Ollie's Bargain Outlet worth $5,857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Wedmont Private Capital raised its stake in Ollie's Bargain Outlet by 4.5% during the 1st quarter. Wedmont Private Capital now owns 2,084 shares of the company's stock worth $238,000 after buying an additional 89 shares during the period. Coldstream Capital Management Inc. raised its position in shares of Ollie's Bargain Outlet by 3.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company's stock worth $320,000 after purchasing an additional 97 shares during the period. Pitcairn Co. lifted its holdings in shares of Ollie's Bargain Outlet by 1.7% during the 4th quarter. Pitcairn Co. now owns 7,244 shares of the company's stock valued at $795,000 after purchasing an additional 120 shares in the last quarter. SRS Capital Advisors Inc. grew its position in shares of Ollie's Bargain Outlet by 14.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,098 shares of the company's stock valued at $120,000 after purchasing an additional 138 shares during the period. Finally, Covestor Ltd increased its stake in Ollie's Bargain Outlet by 11.5% during the 4th quarter. Covestor Ltd now owns 1,387 shares of the company's stock worth $152,000 after purchasing an additional 143 shares in the last quarter.

Analyst Ratings Changes

OLLI has been the topic of a number of research reports. Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $123.00 target price (down from $124.00) on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. UBS Group lifted their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Royal Bank Of Canada restated an "outperform" rating and issued a $133.00 price target on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Finally, Morgan Stanley increased their price objective on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.21.

Ollie's Bargain Outlet Trading Down 0.2%

Shares of Ollie's Bargain Outlet stock traded down $0.30 on Wednesday, reaching $130.18. 1,039,990 shares of the company were exchanged, compared to its average volume of 1,172,292. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 40.06, a PEG ratio of 2.97 and a beta of 0.41. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $86.05 and a one year high of $134.59. The company has a 50-day moving average of $115.58 and a 200 day moving average of $110.77.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. The business had revenue of $576.77 million for the quarter, compared to the consensus estimate of $565.04 million. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The firm's revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 earnings per share. Analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman John W. Swygert sold 3,331 shares of the stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $114.60, for a total value of $381,732.60. Following the transaction, the chairman directly owned 48,200 shares of the company's stock, valued at $5,523,720. This represents a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Helm sold 312 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the sale, the chief financial officer directly owned 3,273 shares of the company's stock, valued at $350,767.41. The trade was a 8.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,381 shares of company stock worth $1,179,330 over the last ninety days. 0.87% of the stock is currently owned by corporate insiders.

Ollie's Bargain Outlet Company 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.