Point72 Asset Management L.P. Cuts Stock Position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Point72 Asset Management L.P. lessened its stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 87.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,255 shares of the company’s stock after selling 103,245 shares during the quarter. Point72 Asset Management L.P.’s holdings in Ollie’s Bargain Outlet were worth $1,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings in Ollie’s Bargain Outlet by 1.0% in the 1st quarter. FMR LLC now owns 2,327,464 shares of the company’s stock worth $198,603,000 after acquiring an additional 23,142 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Ollie’s Bargain Outlet by 0.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,035,186 shares of the company’s stock worth $173,663,000 after purchasing an additional 5,286 shares during the last quarter. Invesco Ltd. boosted its stake in Ollie’s Bargain Outlet by 117.4% during the 2nd quarter. Invesco Ltd. now owns 1,583,498 shares of the company’s stock worth $137,938,000 after purchasing an additional 855,278 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Ollie’s Bargain Outlet by 22.4% during the 1st quarter. Artisan Partners Limited Partnership now owns 1,180,686 shares of the company’s stock worth $100,748,000 after purchasing an additional 216,413 shares during the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Stephens Investment Management Group LLC now owns 855,224 shares of the company’s stock worth $74,499,000 after purchasing an additional 10,253 shares during the last quarter. 91.12% of the stock is owned by institutional investors.

In related news, Director Stanley Fleishman bought 2,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were bought at an average price of $64.66 per share, with a total value of $129,320.00. Following the completion of the transaction, the director now directly owns 43,974 shares of the company’s stock, valued at approximately $2,843,358.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Omar Segura sold 10,000 shares of the company’s stock in a transaction dated 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 approximately $874,500. The disclosure for this sale can be found here. Corporate insiders own 16.36% of the company’s stock.

Shares of OLLI stock opened at $61.02 on Friday. The company’s 50-day moving average price is $68.46 and its 200-day moving average price is $84.75. The company has a current ratio of 2.13, a quick ratio of 0.41 and a debt-to-equity ratio of 0.26. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 1.46 and a beta of 0.87. Ollie’s Bargain Outlet Holdings Inc has a twelve month low of $54.27 and a twelve month high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $333.90 million for the quarter, compared to analyst estimates of $339.83 million. Ollie’s Bargain Outlet had a net margin of 10.37% and a return on equity of 12.67%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. As a group, equities research analysts predict that Ollie’s Bargain Outlet Holdings Inc will post 1.97 EPS for the current year.

Several equities research analysts have issued reports on OLLI shares. BidaskClub raised shares of Ollie’s Bargain Outlet from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 11th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $60.00 target price (down previously from $85.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 29th. Morgan Stanley lowered their target price on shares of Ollie’s Bargain Outlet from $89.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. ValuEngine cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada lowered their price target on shares of Ollie’s Bargain Outlet from $85.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $79.83.

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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