Great Lakes Advisors LLC Buys 89,247 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Great Lakes Advisors LLC raised its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 35.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 340,222 shares of the company’s stock after acquiring an additional 89,247 shares during the quarter. Great Lakes Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $28,623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in OLLI. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Ollie’s Bargain Outlet by 0.6% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,390,911 shares of the company’s stock worth $556,009,000 after buying an additional 40,610 shares during the period. BlackRock Inc. increased its position in shares of Ollie’s Bargain Outlet by 2.5% during the first quarter. BlackRock Inc. now owns 5,001,204 shares of the company’s stock worth $435,104,000 after buying an additional 120,446 shares during the period. Wasatch Advisors Inc. increased its position in shares of Ollie’s Bargain Outlet by 5.2% during the first quarter. Wasatch Advisors Inc. now owns 3,691,265 shares of the company’s stock worth $321,140,000 after buying an additional 181,310 shares during the period. Ameriprise Financial Inc. increased its position in shares of Ollie’s Bargain Outlet by 74.3% during the first quarter. Ameriprise Financial Inc. now owns 1,390,221 shares of the company’s stock worth $120,747,000 after buying an additional 592,643 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Ollie’s Bargain Outlet by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 1,249,399 shares of the company’s stock worth $105,112,000 after buying an additional 19,184 shares during the period.

In related news, CEO John W. Swygert sold 30,688 shares of the firm’s stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $92.49, for a total transaction of $2,838,333.12. Following the completion of the sale, the chief executive officer now owns 31,156 shares in the company, valued at $2,881,618.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Hendrickson sold 1,500 shares of the firm’s stock in a transaction dated Friday, August 6th. The stock was sold at an average price of $89.05, for a total transaction of $133,575.00. Following the sale, the director now owns 2,448 shares of the company’s stock, valued at approximately $217,994.40. The disclosure for this sale can be found here. Insiders have sold 39,988 shares of company stock worth $3,696,331 over the last three months. 0.69% of the stock is owned by insiders.

Shares of Ollie’s Bargain Outlet stock traded up $0.55 during trading hours on Wednesday, reaching $64.79. The company’s stock had a trading volume of 19,191 shares, compared to its average volume of 1,109,501. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $64.18 and a one year high of $123.52. The company has a market capitalization of $4.22 billion, a P/E ratio of 21.27, a P/E/G ratio of 2.11 and a beta of 1.20. The stock’s fifty day simple moving average is $82.07 and its two-hundred day simple moving average is $85.51.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, August 25th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Ollie’s Bargain Outlet had a net margin of 11.09% and a return on equity of 14.40%. The business had revenue of $415.88 million during the quarter, compared to the consensus estimate of $434.60 million. During the same period last year, the business posted $1.04 earnings per share. The firm’s quarterly revenue was down 21.4% on a year-over-year basis. As a group, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 2.7 earnings per share for the current year.

Several equities research analysts have recently weighed in on OLLI shares. Loop Capital decreased their price objective on shares of Ollie’s Bargain Outlet from $90.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, August 27th. Berenberg Bank raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Wednesday, September 8th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “neutral” rating and cut their target price for the stock from $78.00 to $73.00 in a research note on Monday, August 30th. Stephens cut their target price on shares of Ollie’s Bargain Outlet from $120.00 to $107.00 and set an “overweight” rating on the stock in a research note on Friday, August 27th. Finally, Craig Hallum cut their target price on shares of Ollie’s Bargain Outlet from $120.00 to $101.00 and set a “buy” rating on the stock in a research note on Friday, August 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $83.88.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

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

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