Commonwealth Equity Services LLC boosted its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 8.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,636 shares of the company’s stock after buying an additional 767 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Ollie’s Bargain Outlet were worth $699,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd acquired a new position in Ollie’s Bargain Outlet during the 1st quarter worth about $112,000. Cerebellum GP LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $178,000. Cim LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $204,000. Schwartz Investment Counsel Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $211,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $212,000. 85.83% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Kevin Mclain sold 12,667 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $72.64, for a total value of $920,130.88. Following the completion of the sale, the senior vice president now directly owns 5,750 shares of the company’s stock, valued at approximately $417,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth Robert Bertram sold 6,750 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $78.99, for a total value of $533,182.50. Following the completion of the sale, the vice president now directly owns 17,217 shares of the company’s stock, valued at $1,359,970.83. The disclosure for this sale can be found here. Insiders sold a total of 1,945,490 shares of company stock valued at $139,949,925 over the last ninety days. 20.27% of the stock is currently owned by corporate insiders.

A number of research analysts have recently issued reports on the company. BidaskClub raised Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Bank of America raised Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a research note on Monday, August 20th. Morgan Stanley boosted their price objective on Ollie’s Bargain Outlet from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 17th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “neutral” rating and set a $75.00 price objective on the stock in a research note on Monday, July 9th. Finally, Loop Capital assumed coverage on Ollie’s Bargain Outlet in a research note on Monday, June 18th. They issued a “hold” rating and a $75.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $69.81.

Shares of NASDAQ:OLLI opened at $80.55 on Friday. Ollie’s Bargain Outlet Holdings Inc has a 1 year low of $41.31 and a 1 year high of $80.95. The stock has a market capitalization of $4.88 billion, a PE ratio of 64.44, a price-to-earnings-growth ratio of 1.97 and a beta of 0.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.25 and a current ratio of 2.18.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, June 5th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.06% and a net margin of 12.36%. The business had revenue of $275.70 million during the quarter, compared to analyst estimates of $267.27 million. During the same period in the previous year, the company posted $0.25 EPS. The firm’s revenue was up 21.1% compared to the same quarter last year. equities research analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 1.73 EPS for the current fiscal year.

Ollie’s Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Institutional Ownership by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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