World Asset Management Inc Purchases 582 Shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

World Asset Management Inc raised its position in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 24.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,973 shares of the company’s stock after acquiring an additional 582 shares during the period. World Asset Management Inc’s holdings in Ollie’s Bargain Outlet were worth $259,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of OLLI. Manchester Capital Management LLC bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth approximately $69,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $93,000. Advisory Services Network LLC boosted its stake in shares of Ollie’s Bargain Outlet by 241.8% in the first quarter. Advisory Services Network LLC now owns 1,258 shares of the company’s stock valued at $107,000 after buying an additional 890 shares during the period. Coldstream Capital Management Inc. bought a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $205,000. Finally, Grandview Asset Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $216,000. Institutional investors own 90.61% of the company’s stock.

Several brokerages recently issued reports on OLLI. ValuEngine cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Credit Suisse Group boosted their price target on Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. They noted that the move was a valuation call. Dougherty & Co began coverage on Ollie’s Bargain Outlet in a research note on Thursday, May 23rd. They issued a “buy” rating and a $115.00 price target for the company. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price target for the company from $90.00 to $100.00 in a research note on Wednesday, July 31st. Finally, Zacks Investment Research cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research note on Tuesday, June 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $96.38.

OLLI traded down $0.29 during trading on Tuesday, hitting $78.17. 27,461 shares of the stock traded hands, compared to its average volume of 860,665. Ollie’s Bargain Outlet Holdings Inc has a twelve month low of $59.72 and a twelve month high of $103.03. The firm has a market cap of $4.98 billion, a P/E ratio of 42.63, a price-to-earnings-growth ratio of 1.75 and a beta of 0.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 1.86. The business’s 50 day moving average is $86.69.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, June 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. Ollie’s Bargain Outlet had a net margin of 11.10% and a return on equity of 13.49%. The business had revenue of $324.90 million during the quarter, compared to the consensus estimate of $319.24 million. During the same period in the previous year, the business earned $0.41 earnings per share. The company’s revenue was up 17.8% on a year-over-year basis. On average, analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 2.16 EPS for the current year.

In other news, SVP Omar Segura sold 10,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $87.45, for a total transaction of $874,500.00. Following the completion of the transaction, the senior vice president now directly owns 10,000 shares in the company, valued at $874,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kenneth Robert Bertram sold 8,525 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $95.30, for a total transaction of $812,432.50. Following the transaction, the vice president now owns 18,967 shares of the company’s stock, valued at $1,807,555.10. The disclosure for this sale can be found here. 16.36% of the stock is owned by 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, 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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