Wasatch Advisors LP Trims Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Wasatch Advisors LP decreased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,005,806 shares of the company’s stock after selling 369,459 shares during the period. Ollie’s Bargain Outlet makes up 1.9% of Wasatch Advisors LP’s holdings, making the stock its 10th largest position. Wasatch Advisors LP owned 6.53% of Ollie’s Bargain Outlet worth $389,364,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in OLLI. D. E. Shaw & Co. Inc. grew its holdings in Ollie’s Bargain Outlet by 953.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after purchasing an additional 512,928 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Ollie’s Bargain Outlet by 199.3% during the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after purchasing an additional 372,914 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $16,590,000. Victory Capital Management Inc. raised its stake in Ollie’s Bargain Outlet by 84.8% during the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock worth $30,505,000 after buying an additional 143,996 shares during the period. Finally, F M Investments LLC acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth $13,852,000.

Ollie’s Bargain Outlet Trading Down 2.1 %

NASDAQ OLLI opened at $98.95 on Friday. The company has a market cap of $6.07 billion, a PE ratio of 30.17, a PEG ratio of 2.51 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $104.98. The stock has a 50 day moving average of $94.98 and a 200-day moving average of $93.09.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. As a group, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Loop Capital restated a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. UBS Group increased their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price target for the company from $105.00 to $107.00 in a research note on Monday, August 26th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Finally, Bank of America boosted their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.92.

Insider Activity at Ollie’s Bargain Outlet

In other news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. This represents a 57.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at $1,050,283.90. The trade was a 58.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,912 shares of company stock worth $2,875,790. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.