Eagle Asset Management Inc. trimmed its holdings in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) by 0.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,739,686 shares of the company’s stock after selling 3,402 shares during the period. Eagle Asset Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $104,903,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Ollie’s Bargain Outlet by 3.1% during the 4th quarter. BlackRock Inc. now owns 6,057,562 shares of the company’s stock valued at $322,567,000 after purchasing an additional 179,875 shares in the last quarter. Wasatch Advisors Inc. increased its holdings in Ollie’s Bargain Outlet by 2.8% during the 1st quarter. Wasatch Advisors Inc. now owns 2,947,715 shares of the company’s stock valued at $177,747,000 after purchasing an additional 79,015 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter valued at $58,331,000. Neuberger Berman Group LLC increased its holdings in Ollie’s Bargain Outlet by 1,388.1% during the 1st quarter. Neuberger Berman Group LLC now owns 726,340 shares of the company’s stock valued at $43,798,000 after purchasing an additional 677,530 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its holdings in Ollie’s Bargain Outlet by 13.7% during the 4th quarter. OppenheimerFunds Inc. now owns 667,293 shares of the company’s stock valued at $35,533,000 after purchasing an additional 80,265 shares in the last quarter. 89.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Ollie’s Bargain Outlet opened at $69.65 on Friday, MarketBeat.com reports. The company has a quick ratio of 0.35, a current ratio of 2.22 and a debt-to-equity ratio of 0.05. Ollie’s Bargain Outlet has a 12 month low of $69.00 and a 12 month high of $70.75. The firm has a market cap of $4.26 billion, a P/E ratio of 55.72, a P/E/G ratio of 1.89 and a beta of 0.14.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Ollie’s Bargain Outlet had a return on equity of 11.23% and a net margin of 11.85%. The business had revenue of $356.70 million during the quarter, compared to analysts’ expectations of $349.93 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. equities research analysts anticipate that Ollie’s Bargain Outlet will post 1.68 earnings per share for the current fiscal year.

Several research firms have recently commented on OLLI. Goldman Sachs began coverage on Ollie’s Bargain Outlet in a research note on Wednesday. They issued a “buy” rating and a $78.00 target price for the company. ValuEngine raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. KeyCorp lifted their target price on Ollie’s Bargain Outlet from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, April 25th. BidaskClub raised Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 3rd. Finally, MKM Partners set a $59.00 target price on Ollie’s Bargain Outlet and gave the company a “hold” rating in a research note on Wednesday, March 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.87.

In related news, VP Kenneth Robert Bertram sold 4,000 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $59.65, for a total transaction of $238,600.00. Following the completion of the sale, the vice president now directly owns 7,958 shares of the company’s stock, valued at $474,694.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO John W. Swygert sold 50,000 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $59.32, for a total value of $2,966,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,300 shares of company stock valued at $3,694,964. 20.27% of the stock is owned by insiders.

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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