Chase Investment Counsel Corp Sells 5,226 Shares of Ollie’s Bargain Outlet Holdings Inc (OLLI)

Chase Investment Counsel Corp cut its position in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 19.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,157 shares of the company’s stock after selling 5,226 shares during the quarter. Chase Investment Counsel Corp’s holdings in Ollie’s Bargain Outlet were worth $2,129,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in Ollie’s Bargain Outlet by 13.5% during the third quarter. Victory Capital Management Inc. now owns 472,774 shares of the company’s stock worth $45,433,000 after buying an additional 56,382 shares in the last quarter. Moody Aldrich Partners LLC boosted its holdings in Ollie’s Bargain Outlet by 71.7% during the third quarter. Moody Aldrich Partners LLC now owns 35,351 shares of the company’s stock valued at $3,397,000 after purchasing an additional 14,768 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Ollie’s Bargain Outlet during the third quarter valued at approximately $288,000. Harvest Fund Management Co. Ltd boosted its holdings in Ollie’s Bargain Outlet by 290.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,568 shares of the company’s stock valued at $151,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in Ollie’s Bargain Outlet by 2.1% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 341,259 shares of the company’s stock valued at $32,795,000 after purchasing an additional 7,150 shares in the last quarter. 88.72% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Mark L. Butler sold 60,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $89.38, for a total value of $5,362,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark L. Butler sold 90,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $94.49, for a total transaction of $8,504,100.00. The disclosure for this sale can be found here. Insiders sold 273,087 shares of company stock valued at $23,497,713 in the last quarter. 20.27% of the stock is currently owned by corporate insiders.

NASDAQ:OLLI opened at $92.19 on Friday. Ollie’s Bargain Outlet Holdings Inc has a 1 year low of $42.36 and a 1 year high of $97.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.51 and a quick ratio of 0.31. The company has a market capitalization of $5.81 billion, a PE ratio of 60.21, a PEG ratio of 2.11 and a beta of 0.25.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The company had revenue of $288.10 million during the quarter, compared to analysts’ expectations of $284.19 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 1.75 EPS for the current year.

A number of research firms have weighed in on OLLI. BidaskClub downgraded Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 28th. Morgan Stanley set a $82.00 price objective on Ollie’s Bargain Outlet and gave the company a “hold” rating in a report on Monday, October 22nd. Loop Capital lifted their price objective on Ollie’s Bargain Outlet to $85.00 and gave the company a “hold” rating in a report on Friday, September 7th. MKM Partners lifted their price objective on Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, September 5th. Finally, Buckingham Research lifted their price objective on Ollie’s Bargain Outlet from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, September 6th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $88.25.

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, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

Further Reading: What does EPS mean?

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

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