Landscape Capital Management L.L.C. Has $2.13 Million Stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Landscape Capital Management L.L.C. lessened its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 44.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,952 shares of the company's stock after selling 17,258 shares during the period. Landscape Capital Management L.L.C.'s holdings in Ollie's Bargain Outlet were worth $2,134,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OLLI. Vanguard Group Inc. increased its holdings in Ollie's Bargain Outlet by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company's stock worth $468,103,000 after purchasing an additional 343,903 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of Ollie's Bargain Outlet by 78.0% in the 1st quarter. Acadian Asset Management LLC now owns 1,833 shares of the company's stock valued at $145,000 after acquiring an additional 803 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Ollie's Bargain Outlet in the 1st quarter valued at about $841,000. Capital Research Global Investors bought a new position in shares of Ollie's Bargain Outlet in the 1st quarter valued at about $136,978,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Ollie's Bargain Outlet by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 149,033 shares of the company's stock valued at $11,860,000 after acquiring an additional 7,714 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OLLI. Piper Sandler restated an "overweight" rating and issued a $107.00 price objective on shares of Ollie's Bargain Outlet in a report on Friday, October 4th. Loop Capital restated a "buy" rating and issued a $110.00 price objective on shares of Ollie's Bargain Outlet in a report on Friday, September 20th. Royal Bank of Canada raised their price objective on Ollie's Bargain Outlet from $100.00 to $106.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Ollie's Bargain Outlet from $113.00 to $105.00 and set an "overweight" rating for the company 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 given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $104.92.

Ollie's Bargain Outlet Trading Up 4.3 %

OLLI stock traded up $3.86 during mid-day trading on Friday, hitting $94.61. 1,037,097 shares of the company were exchanged, compared to its average volume of 1,025,047. The business has a 50 day simple moving average of $94.87 and a 200-day simple moving average of $92.20. The stock has a market capitalization of $5.80 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 2.22 and a beta of 0.84. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $104.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting analysts' consensus estimates of $0.78. Ollie's Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same period in the previous year, the business earned $0.67 earnings per share. The firm's quarterly revenue was up 12.4% on a year-over-year basis. Equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Insider Activity

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the business'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 transaction of $227,326.68. Following the completion of the transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. The trade was a 54.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Kevin Mclain sold 15,000 shares of the business's 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 transaction, the senior vice president now owns 10,610 shares of the company's stock, valued at approximately $1,050,283.90. This represents a 58.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,880 shares of company stock worth $2,462,470. Corporate 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.