Champlain Investment Partners LLC Sells 95,316 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Champlain Investment Partners LLC trimmed its stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 494,398 shares of the company's stock after selling 95,316 shares during the period. Champlain Investment Partners LLC owned about 0.81% of Ollie's Bargain Outlet worth $54,250,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $25,000 after purchasing an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Ollie's Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new stake in shares of Ollie's Bargain Outlet in the 4th quarter valued at $26,000. Blue Trust Inc. lifted its position in Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in Ollie's Bargain Outlet during the 4th quarter worth $33,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OLLI. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Piper Sandler reduced their price target on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research report on Thursday, March 20th. Royal Bank of Canada upped their target price on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Morgan Stanley lifted their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus target price of $123.08.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI traded up $1.82 during midday trading on Wednesday, hitting $111.56. 383,596 shares of the stock were exchanged, compared to its average volume of 1,139,346. The business's 50-day moving average price is $107.03 and its 200 day moving average price is $104.06. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie's Bargain Outlet's revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 EPS. As a group, sell-side analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling

In related news, SVP Kevin Mclain sold 4,799 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total value of $554,572.44. Following the sale, the senior vice president now owns 12,336 shares in the company, valued at $1,425,548.16. This represents a 28.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 312 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $107.17, for a total value of $33,437.04. Following the transaction, the chief financial officer now owns 3,273 shares of the company's stock, valued at $350,767.41. This trade represents a 8.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,897 shares of company stock valued at $4,227,970 over the last quarter. Insiders own 0.87% of the company's stock.

About Ollie's Bargain Outlet

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.