HBK Sorce Advisory LLC Sells 1,523 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

HBK Sorce Advisory LLC lowered its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 28,525 shares of the company’s stock after selling 1,523 shares during the period. HBK Sorce Advisory LLC’s holdings in Ollie’s Bargain Outlet were worth $2,800,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in OLLI. Signaturefd LLC grew its position in Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock worth $170,000 after acquiring an additional 104 shares during the last quarter. Vista Investment Partners LLC raised its holdings in Ollie’s Bargain Outlet by 1.8% during the 1st quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock valued at $882,000 after buying an additional 191 shares during the last quarter. Bridge City Capital LLC boosted its position in Ollie’s Bargain Outlet by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 31,301 shares of the company’s stock valued at $2,491,000 after buying an additional 240 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at about $25,000. Finally, Arizona State Retirement System increased its position in shares of Ollie’s Bargain Outlet by 1.5% in the second quarter. Arizona State Retirement System now owns 17,180 shares of the company’s stock valued at $1,687,000 after acquiring an additional 253 shares during the period.

Analysts Set New Price Targets

OLLI has been the topic of several recent analyst reports. Bank of America raised their target price on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Royal Bank of Canada decreased their target price on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, August 30th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Finally, Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, June 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average price target of $103.33.

Insider Activity

In other news, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at $284,592.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Thomas Hendrickson sold 4,500 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, June 21st. The stock was sold at an average price of $97.54, for a total value of $438,930.00. Following the completion of the sale, the director now owns 5,659 shares of the company’s stock, valued at $551,978.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total value of $224,278.01. Following the sale, the senior vice president now owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Up 1.9 %

Shares of OLLI opened at $98.16 on Friday. The company has a market capitalization of $6.02 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $104.98. The firm has a 50 day moving average of $95.55 and a 200 day moving average of $85.33.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. During the same period in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. On average, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current year.

About Ollie’s Bargain Outlet

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.