Smith Moore & CO. bought a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,710 shares of the company’s stock, valued at approximately $219,000.

A number of other large investors have also modified their holdings of OLLI. Alps Advisors Inc. increased its position in shares of Ollie’s Bargain Outlet Holdings by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock valued at $647,000 after purchasing an additional 40 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Ollie’s Bargain Outlet Holdings by 1.1% during the 2nd quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock valued at $186,000 after purchasing an additional 46 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Ollie’s Bargain Outlet Holdings by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the company’s stock valued at $839,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System increased its position in shares of Ollie’s Bargain Outlet Holdings by 1.2% during the 2nd quarter. Arizona State Retirement System now owns 25,200 shares of the company’s stock valued at $1,074,000 after purchasing an additional 300 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of Ollie’s Bargain Outlet Holdings by 14.9% during the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after purchasing an additional 447 shares during the last quarter. 91.22% of the stock is owned by institutional investors and hedge funds.

OLLI has been the subject of several research reports. TheStreet raised shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 17th. BidaskClub lowered shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, August 30th. Jefferies Group LLC reaffirmed a “buy” rating and set a $48.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research report on Wednesday, August 23rd. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $52.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research report on Tuesday, September 5th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Ollie’s Bargain Outlet Holdings has a consensus rating of “Buy” and a consensus price target of $47.58.

In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 6,248 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $45.00, for a total value of $281,160.00. Following the completion of the transaction, the chief executive officer now directly owns 4,880,480 shares in the company, valued at approximately $219,621,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark L. Butler sold 5,938 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $46.00, for a total value of $273,148.00. Following the completion of the transaction, the chief executive officer now owns 4,509,395 shares of the company’s stock, valued at $207,432,170. The disclosure for this sale can be found here. Insiders sold a total of 750,995 shares of company stock valued at $34,497,039 over the last 90 days. 22.25% of the stock is currently owned by corporate insiders.

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Ollie’s Bargain Outlet Holdings, Inc. (OLLI) traded down $0.20 during trading on Wednesday, reaching $43.20. 28,937 shares of the company traded hands, compared to its average volume of 382,745. The stock has a market cap of $2,714.42, a price-to-earnings ratio of 40.93, a price-to-earnings-growth ratio of 1.91 and a beta of 0.16. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $25.75 and a one year high of $46.90. The company has a quick ratio of 0.29, a current ratio of 2.80 and a debt-to-equity ratio of 0.17.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The company had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. During the same period in the prior year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 1.19 EPS for the current fiscal year.

About Ollie’s Bargain Outlet Holdings

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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