AlphaCrest Capital Management LLC Has $444,000 Position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

AlphaCrest Capital Management LLC trimmed its position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 13.3% in the 1st quarter, HoldingsChannel reports. The fund owned 5,200 shares of the company’s stock after selling 800 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in Ollie’s Bargain Outlet by 5.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 30,470 shares of the company’s stock worth $1,881,000 after purchasing an additional 1,500 shares during the period. Amalgamated Bank boosted its stake in Ollie’s Bargain Outlet by 129.4% in the 4th quarter. Amalgamated Bank now owns 7,819 shares of the company’s stock worth $520,000 after purchasing an additional 4,410 shares during the period. Sapphire Star Partners LP boosted its stake in Ollie’s Bargain Outlet by 2.1% in the 4th quarter. Sapphire Star Partners LP now owns 11,765 shares of the company’s stock worth $782,000 after purchasing an additional 237 shares during the period. Mason Street Advisors LLC boosted its stake in Ollie’s Bargain Outlet by 1.5% in the 1st quarter. Mason Street Advisors LLC now owns 27,419 shares of the company’s stock worth $2,340,000 after purchasing an additional 410 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in Ollie’s Bargain Outlet by 309.6% in the 4th quarter. Squarepoint Ops LLC now owns 410,190 shares of the company’s stock worth $27,282,000 after purchasing an additional 310,043 shares during the period. 90.45% of the stock is owned by institutional investors.

Shares of OLLI opened at $93.90 on Thursday. The firm has a market capitalization of $6.03 billion, a P/E ratio of 51.31, a P/E/G ratio of 1.85 and a beta of 0.94. Ollie’s Bargain Outlet Holdings Inc has a 52-week low of $59.72 and a 52-week high of $103.03. The company has a quick ratio of 0.31, a current ratio of 1.86 and a debt-to-equity ratio of 0.23.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, June 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $324.90 million during the quarter, compared to the consensus estimate of $319.24 million. Ollie’s Bargain Outlet had a return on equity of 13.49% and a net margin of 11.10%. Ollie’s Bargain Outlet’s revenue was up 17.8% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 2.15 earnings per share for the current fiscal year.

In related news, CFO Jay Stasz sold 12,500 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $95.00, for a total value of $1,187,500.00. Following the completion of the sale, the chief financial officer now directly owns 22,903 shares in the company, valued at $2,175,785. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kevin Mclain sold 14,000 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $89.20, for a total value of $1,248,800.00. Following the completion of the sale, the senior vice president now owns 14,000 shares of the company’s stock, valued at $1,248,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,979 shares of company stock valued at $12,454,617. 16.36% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on OLLI shares. BidaskClub downgraded Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 5th. Morgan Stanley increased their target price on Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 27th. Zacks Investment Research downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Credit Suisse Group increased their target price on Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. They noted that the move was a valuation call. Finally, Dougherty & Co started coverage on Ollie’s Bargain Outlet in a research report on Thursday, May 23rd. They set a “buy” rating and a $115.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Ollie’s Bargain Outlet currently has a consensus rating of “Buy” and a consensus target price of $93.79.

ILLEGAL ACTIVITY WARNING: This piece was reported by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://transcriptdaily.com/2019/06/13/alphacrest-capital-management-llc-has-444000-position-in-ollies-bargain-outlet-holdings-inc-nasdaqolli.html.

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.

Recommended Story: The components of the Stochastic Momentum Index

Want to see what other hedge funds are holding OLLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI).

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

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.