Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 6,503,522 shares, a decrease of 10.5% from the August 31st total of 7,263,444 shares. Based on an average daily trading volume, of 2,035,209 shares, the days-to-cover ratio is presently 3.2 days. Approximately 13.6% of the shares of the stock are sold short.

In other news, major shareholder Ccmp Capital, Lp sold 27,451,596 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $26.07, for a total transaction of $715,663,107.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kevin Mclain sold 10,000 shares of the company’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the senior vice president now owns 10,000 shares in the company, valued at $250,000. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in OLLI. American Century Companies Inc. acquired a new position in Ollie’s Bargain Outlet Holdings during the second quarter worth $3,143,000. RS Investment Management Co. LLC raised its position in Ollie’s Bargain Outlet Holdings by 9.1% in the second quarter. RS Investment Management Co. LLC now owns 1,442,108 shares of the company’s stock worth $35,894,000 after buying an additional 120,658 shares during the last quarter. Summit Creek Advisors LLC raised its position in Ollie’s Bargain Outlet Holdings by 51.0% in the second quarter. Summit Creek Advisors LLC now owns 408,921 shares of the company’s stock worth $10,178,000 after buying an additional 138,174 shares during the last quarter. Copper Rock Capital Partners LLC raised its position in Ollie’s Bargain Outlet Holdings by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 1,020,748 shares of the company’s stock worth $25,406,000 after buying an additional 15,913 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in Ollie’s Bargain Outlet Holdings by 1,268.8% in the second quarter. Eagle Asset Management Inc. now owns 1,365,599 shares of the company’s stock worth $33,989,000 after buying an additional 1,265,834 shares during the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. RBC Capital Markets reissued an “outperform” rating and issued a $32.00 price objective (up from $30.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, September 1st. Royal Bank Of Canada increased their price objective on shares of Ollie’s Bargain Outlet Holdings from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, September 1st. Piper Jaffray Cos. reissued a “buy” rating and issued a $28.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research report on Monday, June 13th. Finally, Jefferies Group increased their price objective on shares of Ollie’s Bargain Outlet Holdings from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, September 1st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Ollie’s Bargain Outlet Holdings presently has a consensus rating of “Buy” and a consensus target price of $27.63.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) opened at 27.33 on Wednesday. The firm has a 50-day moving average of $26.33 and a 200-day moving average of $25.35. The company has a market capitalization of $1.65 billion, a P/E ratio of 35.49 and a beta of 0.10. Ollie’s Bargain Outlet Holdings has a 52 week low of $14.88 and a 52 week high of $28.72.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its earnings results on Wednesday, August 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Ollie’s Bargain Outlet Holdings had a net margin of 5.80% and a return on equity of 8.91%. The business had revenue of $211.30 million for the quarter, compared to analyst estimates of $207.61 million. During the same quarter last year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts anticipate that Ollie’s Bargain Outlet Holdings will post $0.90 EPS for the current fiscal year.

Ollie’s Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

5 Day Chart for NASDAQ:OLLI

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