Ladenburg Thalmann Financial Services Inc. boosted its position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 66.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,235 shares of the company’s stock after purchasing an additional 3,280 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Ollie’s Bargain Outlet were worth $716,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optimum Investment Advisors bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $26,000. Private Capital Group LLC boosted its stake in Ollie’s Bargain Outlet by 166.3% in the 2nd quarter. Private Capital Group LLC now owns 522 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares during the period. Intercontinental Wealth Advisors LLC bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $39,000. NumerixS Investment Technologies Inc bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $44,000. Finally, Toronto Dominion Bank bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $52,000. Institutional investors and hedge funds own 91.12% of the company’s stock.
Shares of NASDAQ OLLI opened at $60.23 on Friday. The stock has a market capitalization of $3.64 billion, a PE ratio of 31.09, a P/E/G ratio of 1.36 and a beta of 0.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.13 and a quick ratio of 0.41. The business has a fifty day moving average price of $62.12 and a two-hundred day moving average price of $83.05. Ollie’s Bargain Outlet Holdings Inc has a fifty-two week low of $53.60 and a fifty-two week high of $103.03.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.11). The company had revenue of $333.90 million during the quarter, compared to analyst estimates of $339.83 million. Ollie’s Bargain Outlet had a net margin of 10.37% and a return on equity of 12.67%. Ollie’s Bargain Outlet’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. On average, equities analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.97 EPS for the current year.
In other news, SVP Omar Segura sold 6,102 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $78.49, for a total transaction of $478,945.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stanley Fleishman purchased 2,000 shares of the stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $64.66 per share, with a total value of $129,320.00. Following the acquisition, the director now directly owns 43,974 shares in the company, valued at approximately $2,843,358.84. The disclosure for this purchase can be found here. 16.36% of the stock is owned by insiders.
Several analysts recently issued reports on OLLI shares. ValuEngine downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet downgraded Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research note on Wednesday, October 2nd. BidaskClub upgraded Ollie’s Bargain Outlet from a “strong sell” rating to a “sell” rating in a research note on Friday. Credit Suisse Group restated an “outperform” rating and issued a $78.00 price target (down from $103.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 29th. Finally, Loop Capital reduced their price target on Ollie’s Bargain Outlet to $75.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company. Ollie’s Bargain Outlet has an average rating of “Hold” and an average price target of $79.83.
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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