Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) major shareholder Ccmp Capital, Lp sold 27,451,596 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $26.07, for a total value of $715,663,107.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) opened at 24.79 on Monday. The company’s 50 day moving average price is $26.68 and its 200-day moving average price is $24.83. The stock has a market capitalization of $1.49 billion, a PE ratio of 32.19 and a beta of 0.10. Ollie’s Bargain Outlet Holdings Inc. has a 52 week low of $14.88 and a 52 week high of $28.72.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its earnings results on Wednesday, August 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The company earned $211.30 million during the quarter, compared to analysts’ expectations of $207.61 million. Ollie’s Bargain Outlet Holdings had a return on equity of 8.91% and a net margin of 5.80%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. Equities research analysts predict that Ollie’s Bargain Outlet Holdings Inc. will post $0.90 EPS for the current year.

OLLI has been the subject of several research reports. Johnson Rice initiated coverage on Ollie’s Bargain Outlet Holdings in a report on Wednesday, June 1st. They issued a “buy” rating for the company. Jefferies Group reiterated a “buy” rating and issued a $30.00 target price (up from $29.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, June 2nd. Piper Jaffray Cos. reiterated a “buy” rating and issued a $28.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Monday, June 13th. Zacks Investment Research cut Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, Royal Bank Of Canada upped their price objective on Ollie’s Bargain Outlet Holdings from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 1st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Ollie’s Bargain Outlet Holdings presently has a consensus rating of “Buy” and an average target price of $27.63.

A number of large investors have recently bought and sold shares of OLLI. SevenBridge Financial Group LLC acquired a new stake in Ollie’s Bargain Outlet Holdings during the second quarter valued at about $116,000. Barclays PLC boosted its stake in Ollie’s Bargain Outlet Holdings by 844.7% in the second quarter. Barclays PLC now owns 4,799 shares of the company’s stock valued at $119,000 after buying an additional 4,291 shares during the period. BlackRock Group LTD boosted its stake in Ollie’s Bargain Outlet Holdings by 88.7% in the second quarter. BlackRock Group LTD now owns 5,172 shares of the company’s stock valued at $129,000 after buying an additional 2,431 shares during the period. BlackRock Inc. boosted its stake in Ollie’s Bargain Outlet Holdings by 1,347.8% in the second quarter. BlackRock Inc. now owns 5,849 shares of the company’s stock valued at $145,000 after buying an additional 5,445 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Ollie’s Bargain Outlet Holdings by 694.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,557 shares of the company’s stock valued at $163,000 after buying an additional 5,732 shares during the period. 87.70% of the stock is owned by institutional investors.

Ollie’s Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

5 Day Chart for NASDAQ:OLLI

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