Pier Capital LLC cut its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 5.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,445 shares of the company’s stock after selling 6,046 shares during the period. Pier Capital LLC owned approximately 0.16% of Ollie’s Bargain Outlet worth $7,427,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in OLLI. Neuberger Berman Group LLC raised its position in shares of Ollie’s Bargain Outlet by 1,388.1% during the first quarter. Neuberger Berman Group LLC now owns 726,340 shares of the company’s stock worth $43,798,000 after purchasing an additional 677,530 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Ollie’s Bargain Outlet by 18.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,374,758 shares of the company’s stock worth $143,197,000 after purchasing an additional 362,486 shares during the period. BlackRock Inc. raised its position in shares of Ollie’s Bargain Outlet by 2.2% during the first quarter. BlackRock Inc. now owns 6,190,043 shares of the company’s stock worth $373,259,000 after purchasing an additional 132,481 shares during the period. Fred Alger Management Inc. raised its position in shares of Ollie’s Bargain Outlet by 15.9% during the second quarter. Fred Alger Management Inc. now owns 838,382 shares of the company’s stock worth $60,783,000 after purchasing an additional 114,899 shares during the period. Finally, Next Century Growth Investors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth $5,203,000. 88.88% of the stock is currently owned by institutional investors.

NASDAQ:OLLI opened at $73.50 on Friday. The firm has a market cap of $4.45 billion, a P/E ratio of 58.80, a price-to-earnings-growth ratio of 1.81 and a beta of 0.11. Ollie’s Bargain Outlet Holdings Inc has a 1-year low of $41.31 and a 1-year high of $77.50. The company has a current ratio of 2.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, June 5th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm had revenue of $275.70 million for the quarter, compared to analyst estimates of $267.27 million. Ollie’s Bargain Outlet had a return on equity of 12.06% and a net margin of 12.36%. Ollie’s Bargain Outlet’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.25 earnings per share. equities research analysts predict that Ollie’s Bargain Outlet Holdings Inc will post 1.71 EPS for the current year.

In related news, COO John W. Swygert sold 51,000 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $70.01, for a total transaction of $3,570,510.00. Following the transaction, the chief operating officer now directly owns 57,193 shares of the company’s stock, valued at $4,004,081.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark L. Butler sold 375,000 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $74.90, for a total value of $28,087,500.00. Following the completion of the transaction, the chief executive officer now owns 3,678,372 shares in the company, valued at approximately $275,510,062.80. The disclosure for this sale can be found here. Insiders have sold 1,918,740 shares of company stock worth $137,816,742 over the last three months. 20.27% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on the company. Bank of America lowered Ollie’s Bargain Outlet from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $75.50 to $68.00 in a research report on Friday, June 22nd. Loop Capital assumed coverage on Ollie’s Bargain Outlet in a research report on Monday, June 18th. They set a “hold” rating and a $75.00 target price on the stock. Morgan Stanley boosted their target price on Ollie’s Bargain Outlet from $58.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, June 6th. Buckingham Research boosted their target price on Ollie’s Bargain Outlet from $55.00 to $75.00 and gave the stock a “hold” rating in a research report on Wednesday, June 6th. Finally, KeyCorp cut their target price on Ollie’s Bargain Outlet from $80.00 to $68.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.81.

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, 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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