Wasatch Advisors Inc. decreased its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,952,278 shares of the company’s stock after selling 184,468 shares during the period. Ollie’s Bargain Outlet Holdings accounts for about 1.9% of Wasatch Advisors Inc.’s portfolio, making the stock its 10th largest position. Wasatch Advisors Inc. owned 4.81% of Ollie’s Bargain Outlet Holdings worth $136,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OLLI. Teachers Advisors LLC increased its position in Ollie’s Bargain Outlet Holdings by 7.8% during the 1st quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock valued at $1,192,000 after purchasing an additional 2,578 shares during the period. Vanguard Group Inc. increased its position in Ollie’s Bargain Outlet Holdings by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 4,143,766 shares of the company’s stock valued at $138,816,000 after purchasing an additional 266,158 shares during the period. Geode Capital Management LLC increased its position in Ollie’s Bargain Outlet Holdings by 5.5% during the 1st quarter. Geode Capital Management LLC now owns 347,495 shares of the company’s stock valued at $11,640,000 after purchasing an additional 18,143 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Ollie’s Bargain Outlet Holdings by 45.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 853,894 shares of the company’s stock worth $28,606,000 after buying an additional 265,646 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Ollie’s Bargain Outlet Holdings by 213,381.5% in the 1st quarter. BlackRock Inc. now owns 4,826,816 shares of the company’s stock worth $161,699,000 after buying an additional 4,824,555 shares during the last quarter. 88.88% of the stock is currently owned by institutional investors and hedge funds.

Ollie’s Bargain Outlet Holdings, Inc. (OLLI) traded up $0.65 during mid-day trading on Tuesday, reaching $46.65. 640,100 shares of the company were exchanged, compared to its average volume of 593,267. The firm has a market cap of $2,820.00 and a PE ratio of 42.59. 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, Inc. has a one year low of $27.75 and a one year high of $46.90.

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

ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/21/wasatch-advisors-inc-sells-184468-shares-of-ollies-bargain-outlet-holdings-inc-olli.html.

In related news, CEO Mark L. Butler sold 5,023 shares of Ollie’s Bargain Outlet Holdings stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $46.00, for a total value of $231,058.00. Following the completion of the sale, the chief executive officer now directly owns 4,509,395 shares in the company, valued at approximately $207,432,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark L. Butler sold 334,200 shares of Ollie’s Bargain Outlet Holdings stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $46.02, for a total transaction of $15,379,884.00. Following the completion of the sale, 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. Insiders sold a total of 692,871 shares of company stock valued at $31,879,134 over the last quarter. 22.25% of the stock is owned by company insiders.

OLLI has been the topic of a number of analyst reports. 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 objective on the stock in a research report on Friday, September 8th. Royal Bank Of Canada lifted their price objective on shares of Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. Bank of America Corporation reaffirmed a “buy” rating and issued a $52.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research report on Tuesday, September 5th. Stephens initiated coverage on shares of Ollie’s Bargain Outlet Holdings in a research report on Tuesday, October 31st. They issued an “overweight” rating and a $53.00 price objective on the stock. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 price objective (up previously from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.92.

Ollie’s Bargain Outlet Holdings 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.

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

Receive News & Stock Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related stocks with our FREE daily email newsletter.