Contravisory Investment Management Inc. reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 12.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,689 shares of the company’s stock after selling 251 shares during the period. Contravisory Investment Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $138,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of Ollie’s Bargain Outlet by 35.9% during the second quarter. FMR LLC now owns 3,369,518 shares of the company’s stock valued at $329,034,000 after buying an additional 889,351 shares during the period. Neuberger Berman Group LLC raised its holdings in Ollie’s Bargain Outlet by 14.7% in the second quarter. Neuberger Berman Group LLC now owns 1,070,900 shares of the company’s stock valued at $104,573,000 after acquiring an additional 137,402 shares in the last quarter. Riverbridge Partners LLC raised its holdings in Ollie’s Bargain Outlet by 3.5% in the third quarter. Riverbridge Partners LLC now owns 1,008,589 shares of the company’s stock valued at $88,100,000 after acquiring an additional 34,532 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Ollie’s Bargain Outlet by 3.6% in the third quarter. JPMorgan Chase & Co. now owns 741,611 shares of the company’s stock valued at $65,232,000 after acquiring an additional 25,543 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Ollie’s Bargain Outlet by 107.6% in the third quarter. Victory Capital Management Inc. now owns 528,830 shares of the company’s stock valued at $46,194,000 after acquiring an additional 274,125 shares in the last quarter.

Shares of OLLI opened at $96.03 on Thursday. The firm has a market cap of $6.28 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The company’s 50 day simple moving average is $84.79 and its 200-day simple moving average is $92.45. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $28.83 and a 12-month high of $112.58.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, December 2nd. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Ollie’s Bargain Outlet had a net margin of 12.90% and a return on equity of 16.13%. The firm had revenue of $414.40 million for the quarter, compared to analyst estimates of $405.70 million. During the same period last year, the firm posted $0.41 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 26.7% on a year-over-year basis. As a group, analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.04 earnings per share for the current fiscal year.

Several brokerages recently weighed in on OLLI. Smith Barney Citigroup reduced their target price on shares of Ollie’s Bargain Outlet from $91.00 to $78.00 in a report on Monday, December 7th. The Goldman Sachs Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “neutral” rating and dropped their price target for the company from $122.00 to $95.00 in a research note on Friday, December 4th. ValuEngine upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Friday, December 11th. Craig Hallum dropped their price target on shares of Ollie’s Bargain Outlet from $128.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, December 4th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell dropped their price target on shares of Ollie’s Bargain Outlet from $91.00 to $78.00 in a research note on Monday, December 7th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $92.83.

Ollie’s Bargain Outlet Company 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, health and beauty 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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