Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC cut its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 31.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,531 shares of the company’s stock after selling 12,979 shares during the period. Cubist Systematic Strategies LLC’s holdings in Ollie’s Bargain Outlet were worth $2,786,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OLLI. Private Capital Group LLC grew its holdings in shares of Ollie’s Bargain Outlet by 118.6% in the second quarter. Private Capital Group LLC now owns 599 shares of the company’s stock valued at $58,000 after purchasing an additional 325 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $75,000. Fifth Third Bancorp acquired a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $42,000. Financial Management Professionals Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $116,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 44.5% in the second quarter. First Horizon Advisors Inc. now owns 1,477 shares of the company’s stock valued at $144,000 after purchasing an additional 455 shares in the last quarter.

OLLI stock opened at $87.92 on Wednesday. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 27.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.20. The company has a fifty day moving average price of $100.72 and a 200 day moving average price of $80.14. Ollie’s Bargain Outlet Holdings Inc has a 12 month low of $28.83 and a 12 month high of $112.58.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 27th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.14. The company had revenue of $529.30 million for the quarter, compared to analysts’ expectations of $513.88 million. Ollie’s Bargain Outlet had a net margin of 12.90% and a return on equity of 16.13%. Ollie’s Bargain Outlet’s revenue was up 58.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. As a group, research analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 3.04 EPS for the current year.

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 4,076 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $110.69, for a total value of $451,172.44. Following the transaction, the senior vice president now directly owns 7,753 shares of the company’s stock, valued at approximately $858,179.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott Osborne sold 4,219 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $102.70, for a total transaction of $433,291.30. Following the transaction, the vice president now directly owns 1,798 shares in the company, valued at $184,654.60. The disclosure for this sale can be found here. Insiders own 16.46% of the company’s stock.

A number of brokerages recently weighed in on OLLI. Loop Capital lifted their price objective on shares of Ollie’s Bargain Outlet from $33.00 to $85.00 and gave the company a “hold” rating in a report on Friday, May 29th. Bank of America reiterated a “buy” rating and set a $94.00 price target (up previously from $82.00) on shares of Ollie’s Bargain Outlet in a report on Tuesday, May 26th. ValuEngine cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Piper Sandler boosted their price target on shares of Ollie’s Bargain Outlet from $108.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, TheStreet upgraded shares of Ollie’s Bargain Outlet from a “c+” rating to a “b-” rating in a report on Wednesday, June 3rd. 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 stock. The company currently has an average rating of “Buy” and a consensus price target of $98.63.

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.

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

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