Wasatch Advisors Inc. Sells 115,895 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

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Wasatch Advisors Inc. lessened its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,624,211 shares of the company’s stock after selling 115,895 shares during the period. Ollie’s Bargain Outlet accounts for 1.5% of Wasatch Advisors Inc.’s portfolio, making the stock its 18th largest holding. Wasatch Advisors Inc. owned about 4.01% of Ollie’s Bargain Outlet worth $229,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. IFP Advisors Inc raised its position in Ollie’s Bargain Outlet by 225.7% in the 3rd quarter. IFP Advisors Inc now owns 329 shares of the company’s stock worth $29,000 after purchasing an additional 228 shares during the last quarter. Prospera Financial Services Inc bought a new position in Ollie’s Bargain Outlet in the 3rd quarter worth approximately $29,000. Private Capital Group LLC raised its position in Ollie’s Bargain Outlet by 118.6% in the 2nd quarter. Private Capital Group LLC now owns 599 shares of the company’s stock worth $58,000 after purchasing an additional 325 shares during the last quarter. Cerebellum GP LLC bought a new position in Ollie’s Bargain Outlet in the 3rd quarter worth approximately $65,000. Finally, Meeder Asset Management Inc. raised its position in Ollie’s Bargain Outlet by 3,041.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 754 shares of the company’s stock worth $66,000 after purchasing an additional 730 shares during the last quarter.

OLLI has been the subject of several research analyst reports. KeyCorp boosted their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Berenberg Bank began coverage on shares of Ollie’s Bargain Outlet in a research report on Wednesday. They set a “hold” rating for the company. Wells Fargo & Company cut shares of Ollie’s Bargain Outlet from an “overweight” rating to an “underweight” rating and dropped their target price for the company from $118.00 to $70.00 in a research report on Monday, November 2nd. Bank of America dropped their target price on shares of Ollie’s Bargain Outlet from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, November 6th. Finally, Craig Hallum upped their target price on shares of Ollie’s Bargain Outlet from $120.00 to $128.00 and gave the company a “buy” rating in a research report on Friday, August 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. Ollie’s Bargain Outlet has a consensus rating of “Hold” and an average target price of $97.24.

Shares of OLLI stock traded up $1.26 on Friday, hitting $91.66. The stock had a trading volume of 619,280 shares, compared to its average volume of 1,376,203. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $28.83 and a twelve month high of $112.58. The firm has a market cap of $5.99 billion, a P/E ratio of 28.73, a PEG ratio of 1.33 and a beta of 1.30. The company has a fifty day moving average price of $90.22 and a two-hundred day moving average price of $92.86.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 27th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.14. The company had revenue of $529.30 million during the quarter, compared to analyst estimates of $513.88 million. Ollie’s Bargain Outlet had a net margin of 12.90% and a return on equity of 16.13%. The firm’s revenue was up 58.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.04 earnings per share for the current year.

In related news, SVP Kevin Mclain sold 4,076 shares of the company’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $110.69, for a total value of $451,172.44. Following the completion of the transaction, the senior vice president now directly owns 7,753 shares of the company’s stock, valued at approximately $858,179.57. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kenneth Robert Bertram sold 2,386 shares of the company’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $90.54, for a total transaction of $216,028.44. Following the completion of the transaction, the vice president now directly owns 29,430 shares of the company’s stock, valued at $2,664,592.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,847 shares of company stock valued at $1,699,934. Company insiders own 16.36% of the company’s stock.

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

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