Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) Stake Increased by LS Investment Advisors LLC

LS Investment Advisors LLC raised its stake in shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,375 shares of the company’s stock after buying an additional 46 shares during the period. LS Investment Advisors LLC’s holdings in Ollie's Bargain Outlet Holdings were worth $186,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Invictus RG acquired a new position in Ollie's Bargain Outlet Holdings during the first quarter valued at approximately $101,000. Flinton Capital Management LLC raised its position in Ollie's Bargain Outlet Holdings by 29.0% in the first quarter. Flinton Capital Management LLC now owns 3,026 shares of the company’s stock valued at $101,000 after buying an additional 680 shares during the last quarter. Dubuque Bank & Trust Co. acquired a new position in Ollie's Bargain Outlet Holdings during the first quarter valued at approximately $153,000. State of Alaska Department of Revenue raised its position in Ollie's Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock valued at $176,000 after buying an additional 150 shares during the last quarter. Finally, 361 Capital LLC acquired a new position in Ollie's Bargain Outlet Holdings during the first quarter valued at approximately $214,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ OLLI) opened at 44.35 on Friday. Ollie's Bargain Outlet Holdings Inc has a 1-year low of $24.12 and a 1-year high of $46.08. The stock has a 50 day moving average price of $43.71 and a 200-day moving average price of $38.09. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 41.84 and a beta of 0.15.

Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) last posted its earnings results on Wednesday, May 31st. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Ollie's Bargain Outlet Holdings had a return on equity of 11.48% and a net margin of 8.33%. The company had revenue of $227.60 million for the quarter, compared to analyst estimates of $220.56 million. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts expect that Ollie's Bargain Outlet Holdings Inc will post $1.17 earnings per share for the current fiscal year.

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Several equities analysts recently commented on the company. BidaskClub lowered Ollie's Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Credit Suisse Group reiterated a “hold” rating on shares of Ollie's Bargain Outlet Holdings in a research note on Sunday, June 4th. Piper Jaffray Companies set a $48.00 target price on Ollie's Bargain Outlet Holdings and gave the company a “buy” rating in a research note on Thursday, June 1st. TheStreet upgraded Ollie's Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Finally, MKM Partners lowered Ollie's Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research note on Tuesday, May 30th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $39.60.

In related news, CEO Mark L. Butler sold 58,124 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $45.04, for a total transaction of $2,617,904.96. Following the transaction, the chief executive officer now directly owns 4,886,728 shares in the company, valued at $220,098,229.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark L. Butler sold 285,623 shares of Ollie's Bargain Outlet Holdings stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $45.19, for a total value of $12,907,303.37. Following the sale, the chief executive officer now directly owns 5,038,224 shares in the company, valued at $227,677,342.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 494,233 shares of company stock worth $22,241,680. Corporate insiders own 22.25% of the company’s stock.

Ollie's Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

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