black and white Capital LP bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 60,000 shares of the company’s stock, valued at approximately $2,556,000. Ollie’s Bargain Outlet Holdings accounts for about 0.5% of black and white Capital LP’s holdings, making the stock its 21st largest holding. black and white Capital LP owned about 0.10% of Ollie’s Bargain Outlet Holdings at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Flinton Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings by 89.9% during the second quarter. Flinton Capital Management LLC now owns 5,746 shares of the company’s stock worth $245,000 after buying an additional 2,720 shares during the period. Royal Bank of Canada increased its stake in shares of Ollie’s Bargain Outlet Holdings by 302.7% during the second quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock worth $182,000 after buying an additional 3,200 shares during the period. Capital World Investors purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the second quarter worth approximately $38,979,000. Goldman Sachs Group Inc. increased its stake in shares of Ollie’s Bargain Outlet Holdings by 27.4% during the second quarter. Goldman Sachs Group Inc. now owns 208,271 shares of the company’s stock worth $8,872,000 after buying an additional 44,743 shares during the period. Finally, Employees Retirement System of Texas increased its stake in shares of Ollie’s Bargain Outlet Holdings by 174.4% during the second quarter. Employees Retirement System of Texas now owns 118,000 shares of the company’s stock worth $5,027,000 after buying an additional 75,000 shares during the period. Hedge funds and other institutional investors own 92.19% of the company’s stock.

A number of analysts recently weighed in on OLLI shares. TheStreet upgraded shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Bank of America Corporation restated a “buy” rating and set a $52.00 target price on shares of Ollie’s Bargain Outlet Holdings in a research note on Tuesday, September 5th. Jefferies Group LLC restated a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, August 31st. BidaskClub lowered shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, August 30th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Ollie’s Bargain Outlet Holdings has a consensus rating of “Buy” and a consensus target price of $47.30.

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Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) traded down 2.307% during trading on Friday, hitting $45.525. 158,849 shares of the stock were exchanged. The stock has a market cap of $2.79 billion, a PE ratio of 39.246 and a beta of 0.21. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $25.65 and a one year high of $46.90. The stock’s 50 day moving average price is $45.79 and its 200 day moving average price is $45.79.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The business had revenue of $254.60 million during the quarter, compared to the consensus estimate of $242.85 million. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post $1.19 EPS for the current year.

In related news, CEO Mark L. Butler sold 285,623 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $45.19, for a total transaction of $12,907,303.37. Following the completion of the transaction, the chief executive officer now directly owns 5,038,224 shares in the company, valued at approximately $227,677,342.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Mark L. Butler sold 334,200 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $46.02, for a total value of $15,379,884.00. Following the transaction, the chief executive officer now owns 4,770,421 shares of the company’s stock, valued at $219,534,774.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,156,604 shares of company stock valued at $52,810,309. 22.25% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

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