Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 42.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,574 shares of the company’s stock after buying an additional 3,469 shares during the period. Rafferty Asset Management LLC’s holdings in Ollie’s Bargain Outlet were worth $974,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $26,000. Cullen Frost Bankers Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $28,000. Van ECK Associates Corp acquired a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $30,000. FORA Capital LLC acquired a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $39,000. Finally, Sageworth Trust Co acquired a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $86,000.

Several equities analysts recently commented on OLLI shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $77.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, August 27th. Craig Hallum dropped their price target on shares of Ollie’s Bargain Outlet from $120.00 to $101.00 and set a “buy” 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 price target for the company in a research report on Wednesday, September 8th. Royal Bank of Canada dropped their price target on shares of Ollie’s Bargain Outlet from $102.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, August 27th. Finally, KeyCorp dropped their price target on shares of 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.88.

Shares of OLLI stock opened at $66.07 on Tuesday. The company has a market capitalization of $4.30 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20. The firm has a fifty day simple moving average of $82.57 and a 200-day simple moving average of $85.66. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $65.20 and a twelve month high of $123.52.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, August 25th. The company reported $0.52 earnings per share for the quarter, missing the 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 net margin of 11.09% and a return on equity of 14.40%. Ollie’s Bargain Outlet’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 earnings per share. As a group, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 2.7 EPS for the current fiscal year.

In related news, SVP Ray Daugherty sold 1,129 shares of the stock in a transaction dated Tuesday, July 20th. The shares were sold at an average price of $95.00, for a total value of $107,255.00. Following the sale, the senior vice president now owns 1,690 shares of the company’s stock, valued at approximately $160,550. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kenneth Robert Bertram sold 5,574 shares of the stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $93.01, for a total transaction of $518,437.74. The disclosure for this sale can be found here. Insiders have sold a total of 39,988 shares of company stock worth $3,696,331 over the last quarter. 0.69% of the stock is currently owned by insiders.

About Ollie’s Bargain Outlet

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.

Read More: Cost of Goods Sold (COGS)

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

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