Lisanti Capital Growth LLC Sells 42,145 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Lisanti Capital Growth LLC reduced its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 45.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,280 shares of the company's stock after selling 42,145 shares during the quarter. Ollie's Bargain Outlet accounts for approximately 1.3% of Lisanti Capital Growth LLC's investment portfolio, making the stock its 26th biggest holding. Lisanti Capital Growth LLC owned approximately 0.08% of Ollie's Bargain Outlet worth $4,984,000 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. International Assets Investment Management LLC bought a new stake in shares of Ollie's Bargain Outlet during the second quarter worth approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in Ollie's Bargain Outlet in the 2nd quarter worth about $31,000. Crewe Advisors LLC acquired a new position in shares of Ollie's Bargain Outlet during the 2nd quarter worth approximately $36,000. Versant Capital Management Inc bought a new position in shares of Ollie's Bargain Outlet during the second quarter worth approximately $38,000. Finally, GAMMA Investing LLC boosted its stake in shares of Ollie's Bargain Outlet by 686.7% in the second quarter. GAMMA Investing LLC now owns 472 shares of the company's stock valued at $46,000 after buying an additional 412 shares during the period.

Ollie's Bargain Outlet Price Performance

NASDAQ OLLI traded down $0.72 during trading on Monday, hitting $98.28. 660,459 shares of the company's stock traded hands, compared to its average volume of 1,025,695. The stock has a fifty day moving average of $94.82 and a two-hundred day moving average of $91.33. The firm has a market cap of $6.03 billion, a P/E ratio of 30.18, a PEG ratio of 2.46 and a beta of 0.84. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The company had revenue of $578.38 million for the quarter, compared to analysts' expectations of $561.60 million. Ollie's Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. Ollie's Bargain Outlet's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. As a group, analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. UBS Group boosted their price target on Ollie's Bargain Outlet from $97.00 to $99.00 and gave the stock a "neutral" rating in a report on Friday, August 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. Bank of America upped their target price on 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. Royal Bank of Canada increased their price target on Ollie's Bargain Outlet from $100.00 to $106.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. Finally, Gordon Haskett raised shares of Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and lifted their target price for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $104.92.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the transaction, the president now owns 5,615 shares of the company's stock, valued at approximately $563,296.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of Ollie's Bargain Outlet stock in a transaction 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 transaction, the chief financial officer now directly owns 2,021 shares of the company's stock, valued at $191,348.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Der Valk Eric Van sold 7,479 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the transaction, the president now owns 5,615 shares in the company, valued at $563,296.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,880 shares of company stock valued at $2,462,470 over the last 90 days. Corporate insiders own 0.87% of the company's stock.

Ollie's Bargain Outlet 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.