Advisory Services Network LLC raised its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 241.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,258 shares of the company’s stock after purchasing an additional 890 shares during the quarter. Advisory Services Network LLC’s holdings in Ollie’s Bargain Outlet were worth $107,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of OLLI. Manchester Capital Management LLC purchased a new stake in Ollie’s Bargain Outlet during the first quarter worth $69,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at about $93,000. Rehmann Capital Advisory Group raised its position in shares of Ollie’s Bargain Outlet by 796.7% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,883 shares of the company’s stock valued at $125,000 after buying an additional 1,673 shares during the last quarter. Bank of Montreal Can raised its position in shares of Ollie’s Bargain Outlet by 11.8% in the fourth quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock valued at $136,000 after buying an additional 218 shares during the last quarter. Finally, Advisor Group Inc. raised its position in shares of Ollie’s Bargain Outlet by 20.5% in the fourth quarter. Advisor Group Inc. now owns 3,035 shares of the company’s stock valued at $202,000 after buying an additional 516 shares during the last quarter. Institutional investors and hedge funds own 90.65% of the company’s stock.
In related news, CFO Jay Stasz sold 12,500 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $95.00, for a total value of $1,187,500.00. Following the sale, the chief financial officer now directly owns 22,903 shares in the company, valued at approximately $2,175,785. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kenneth Robert Bertram sold 8,525 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $95.30, for a total transaction of $812,432.50. Following the completion of the sale, the vice president now owns 18,967 shares in the company, valued at $1,807,555.10. The disclosure for this sale can be found here. Insiders sold a total of 31,025 shares of company stock worth $2,874,433 over the last three months. 16.36% of the stock is currently owned by corporate insiders.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, June 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $324.90 million for the quarter, compared to analysts’ expectations of $319.24 million. Ollie’s Bargain Outlet had a net margin of 11.10% and a return on equity of 13.49%. Ollie’s Bargain Outlet’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 EPS. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 2.16 EPS for the current year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, June 4th. Morgan Stanley increased their target price on shares of from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the stock an “equal weight” rating in a research note on Tuesday, June 11th. Dougherty & Co assumed coverage on shares of Ollie’s Bargain Outlet in a research note on Thursday, May 23rd. They set a “buy” rating and a $115.00 target price for the company. Credit Suisse Group set a €19.00 ($22.09) price objective on shares of K&S and gave the company a “neutral” rating in a research note on Tuesday, May 14th. Finally, BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Ollie’s Bargain Outlet has a consensus rating of “Hold” and an average price target of $95.23.
Ollie’s Bargain Outlet Company 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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