Sheets Smith Wealth Management Lowers Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Sheets Smith Wealth Management reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,586 shares of the company’s stock after selling 345 shares during the period. Sheets Smith Wealth Management’s holdings in Ollie’s Bargain Outlet Holdings were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in shares of Ollie’s Bargain Outlet Holdings by 29.2% in the fourth quarter. State Street Corp now owns 733,575 shares of the company’s stock worth $20,870,000 after buying an additional 165,608 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ollie’s Bargain Outlet Holdings by 128.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 588,248 shares of the company’s stock worth $16,736,000 after buying an additional 330,630 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of Ollie’s Bargain Outlet Holdings during the fourth quarter worth about $922,000. Guggenheim Capital LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings by 131.8% in the fourth quarter. Guggenheim Capital LLC now owns 66,052 shares of the company’s stock worth $1,879,000 after buying an additional 37,552 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings by 74.9% in the fourth quarter. AQR Capital Management LLC now owns 26,315 shares of the company’s stock worth $749,000 after buying an additional 11,270 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) opened at 44.20 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $24.12 and a 52-week high of $46.08. The stock’s 50 day moving average price is $42.98 and its 200 day moving average price is $37.45. The company has a market capitalization of $2.70 billion, a P/E ratio of 41.70 and a beta of 0.15.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, May 31st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. The business had revenue of $227.60 million for the quarter, compared to analyst estimates of $220.56 million. During the same quarter in the prior year, the company posted $0.20 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 earnings per share for the current fiscal year.

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A number of analysts recently issued reports on OLLI shares. Royal Bank Of Canada restated a “buy” rating and issued a $37.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, May 25th. MKM Partners downgraded Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research report on Tuesday, May 30th. Piper Jaffray Companies set a $48.00 target price on Ollie’s Bargain Outlet Holdings and gave the stock a “buy” rating in a research report on Thursday, June 1st. Credit Suisse Group reiterated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a research report on Sunday, June 4th. Finally, BidaskClub downgraded Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $39.60.

In related news, SVP Kevin Mclain sold 20,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $43.05, for a total transaction of $861,000.00. Following the transaction, the senior vice president now owns 20,000 shares of the company’s stock, valued at approximately $861,000. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Kenneth Robert Bertram sold 10,500 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $42.81, for a total value of $449,505.00. Following the transaction, the vice president now directly owns 10,500 shares in the company, valued at approximately $449,505. The disclosure for this sale can be found here. In the last ninety days, insiders sold 436,104 shares of company stock worth $19,623,551. Corporate insiders own 22.25% of the company’s stock.

About Ollie’s Bargain Outlet Holdings

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)

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