Montag & Caldwell LLC Acquires 183 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Montag & Caldwell LLC grew its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,213 shares of the company’s stock after buying an additional 183 shares during the period. Montag & Caldwell LLC’s holdings in Ollie’s Bargain Outlet were worth $439,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Ollie’s Bargain Outlet by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,249,399 shares of the company’s stock valued at $105,112,000 after buying an additional 19,184 shares in the last quarter. Deutsche Bank AG boosted its stake in Ollie’s Bargain Outlet by 10.7% in the 2nd quarter. Deutsche Bank AG now owns 5,829 shares of the company’s stock worth $490,000 after purchasing an additional 563 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Ollie’s Bargain Outlet by 1.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 119,875 shares of the company’s stock worth $10,085,000 after purchasing an additional 1,650 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in Ollie’s Bargain Outlet by 144.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 81,881 shares of the company’s stock worth $6,889,000 after purchasing an additional 48,375 shares in the last quarter. Finally, AGF Investments Inc. boosted its stake in Ollie’s Bargain Outlet by 13.8% in the 2nd quarter. AGF Investments Inc. now owns 2,328 shares of the company’s stock worth $196,000 after purchasing an additional 282 shares in the last quarter.

In other Ollie’s Bargain Outlet news, SVP Ray Daugherty sold 1,097 shares of the company’s stock in a transaction that occurred on Tuesday, July 13th. The stock was sold at an average price of $90.00, for a total value of $98,730.00. Following the completion of the transaction, the senior vice president now directly owns 437 shares in the company, valued at approximately $39,330. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Hendrickson sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 6th. The stock was sold at an average price of $89.05, for a total value of $133,575.00. Following the completion of the transaction, the director now owns 2,448 shares of the company’s stock, valued at $217,994.40. The disclosure for this sale can be found here. Insiders sold a total of 39,988 shares of company stock valued at $3,696,331 over the last three months. 0.69% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet stock traded down $1.38 during midday trading on Tuesday, hitting $64.69. The stock had a trading volume of 21,340 shares, compared to its average volume of 1,110,185. The firm’s fifty day moving average is $82.57 and its two-hundred day moving average is $85.66. The company has a market capitalization of $4.21 billion, a PE ratio of 21.88, a P/E/G ratio of 2.11 and a beta of 1.20. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $65.20 and a 52-week high of $123.52.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, August 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $415.88 million during the quarter, compared to analysts’ expectations of $434.60 million. Ollie’s Bargain Outlet had a return on equity of 14.40% and a net margin of 11.09%. The company’s revenue was down 21.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 earnings per share. On average, equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 2.7 EPS for the current year.

A number of equities analysts recently issued reports on OLLI shares. Wells Fargo & Company upgraded shares of Ollie’s Bargain Outlet from an “underweight” rating to an “equal weight” rating and set a $70.00 price target on the stock in a research note on Friday, August 27th. Zacks Investment Research lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $89.00 target price for the company. in a research report on Tuesday, August 24th. Stephens decreased their target price on Ollie’s Bargain Outlet from $120.00 to $107.00 and set an “overweight” rating for the company in a research report on Friday, August 27th. Loop Capital decreased their target price on 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. Finally, KeyCorp decreased their target price on Ollie’s Bargain Outlet from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Friday, August 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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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