Trexquant Investment LP purchased a new stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,987 shares of the company’s stock, valued at approximately $289,000.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at about $112,000. Cerebellum GP LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at about $178,000. Cim LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at about $204,000. Zeke Capital Advisors LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at about $212,000. Finally, Schwartz Investment Counsel Inc. acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at about $211,000. Hedge funds and other institutional investors own 89.04% of the company’s stock.

Shares of OLLI stock opened at $85.45 on Friday. Ollie’s Bargain Outlet Holdings Inc has a 1 year low of $41.31 and a 1 year high of $86.15. The company has a market cap of $5.18 billion, a PE ratio of 58.90, a P/E/G ratio of 2.08 and a beta of 0.11. The company has a current ratio of 2.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, June 5th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. Ollie’s Bargain Outlet had a net margin of 12.36% and a return on equity of 12.06%. The company had revenue of $275.70 million for the quarter, compared to analyst estimates of $267.27 million. During the same period in the prior year, the business earned $0.25 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 21.1% on a year-over-year basis. research analysts predict that Ollie’s Bargain Outlet Holdings Inc will post 1.73 EPS for the current year.

A number of equities analysts have commented on OLLI shares. Goldman Sachs Group started coverage on shares of Ollie’s Bargain Outlet in a research report on Wednesday, May 16th. They issued a “buy” rating and a $78.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Ollie’s Bargain Outlet from $70.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday, May 22nd. KeyCorp reduced their price target on shares of Ollie’s Bargain Outlet from $80.00 to $68.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 6th. Credit Suisse Group boosted their price target on shares of Ollie’s Bargain Outlet from $68.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, June 6th. Finally, Wells Fargo & Co boosted their price target on shares of Ollie’s Bargain Outlet from $58.00 to $68.00 and gave the company a “market perform” rating in a research report on Wednesday, June 6th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Ollie’s Bargain Outlet currently has an average rating of “Buy” and an average price target of $71.56.

In other news, CEO Mark L. Butler sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $67.48, for a total transaction of $20,244,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Omar Segura sold 24,573 shares of the company’s stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $74.06, for a total transaction of $1,819,876.38. Following the transaction, the senior vice president now owns 12,927 shares in the company, valued at $957,373.62. The disclosure for this sale can be found here. Insiders have sold 1,945,490 shares of company stock worth $139,949,925 over the last quarter. 20.27% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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

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