Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) Short Interest Up 8.5% in December

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Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 11,840,000 shares, a growth of 8.5% from the December 15th total of 10,910,000 shares. Currently, 21.5% of the company’s stock are sold short. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is presently 9.9 days.

A number of analysts recently weighed in on the stock. Wells Fargo & Co reissued a “hold” rating on shares of Ollie’s Bargain Outlet in a report on Friday, December 6th. Royal Bank of Canada lifted their price target on shares of Ollie’s Bargain Outlet from $69.00 to $76.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. BidaskClub cut shares of Ollie’s Bargain Outlet from a “sell” rating to a “strong sell” rating in a research report on Tuesday. TheStreet cut shares of Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research report on Wednesday, October 2nd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $86.00 price target (up from $70.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Ollie’s Bargain Outlet has a consensus rating of “Buy” and a consensus target price of $82.08.

Shares of Ollie’s Bargain Outlet stock traded down $0.56 during trading on Thursday, hitting $54.11. 75,895 shares of the stock were exchanged, compared to its average volume of 1,081,686. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 1.30 and a beta of 0.85. The company has a fifty day moving average price of $63.52 and a 200-day moving average price of $68.75. Ollie’s Bargain Outlet has a 1-year low of $53.10 and a 1-year high of $103.03. The company has a current ratio of 2.14, a quick ratio of 0.09 and a debt-to-equity ratio of 0.28.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $327.05 million for the quarter, compared to analyst estimates of $322.56 million. Ollie’s Bargain Outlet had a net margin of 10.20% and a return on equity of 12.89%. Ollie’s Bargain Outlet’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. Equities research analysts forecast that Ollie’s Bargain Outlet will post 1.99 EPS for the current fiscal year.

In related news, VP Kenneth Robert Bertram sold 12,228 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $64.71, for a total value of $791,273.88. Following the completion of the sale, the vice president now owns 41,717 shares of the company’s stock, valued at $2,699,507.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John W. Swygert sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the completion of the sale, the chief executive officer now directly owns 44,156 shares of the company’s stock, valued at approximately $3,090,920. The disclosure for this sale can be found here. Insiders sold 54,427 shares of company stock worth $3,651,830 over the last ninety days. 16.36% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of OLLI. Princeton Global Asset Management LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $35,000. Whitnell & Co. bought a new position in Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $26,000. NumerixS Investment Technologies Inc acquired a new position in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $44,000. FTB Advisors Inc. increased its position in Ollie’s Bargain Outlet by 107.7% in the 4th quarter. FTB Advisors Inc. now owns 511 shares of the company’s stock valued at $33,000 after acquiring an additional 265 shares during the period. Finally, Private Capital Group LLC increased its position in Ollie’s Bargain Outlet by 166.3% in the 2nd quarter. Private Capital Group LLC now owns 522 shares of the company’s stock valued at $38,000 after acquiring an additional 326 shares during the period. 95.55% of the stock is owned by hedge funds and other institutional investors.

About Ollie’s Bargain Outlet

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, health and beauty 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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