Sterling Capital Management LLC Sells 7,280 Shares of Ollie’s Bargain Outlet Holdings Inc (OLLI)

Sterling Capital Management LLC decreased its holdings in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 15.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 39,382 shares of the company’s stock after selling 7,280 shares during the quarter. Sterling Capital Management LLC owned 0.06% of Ollie’s Bargain Outlet worth $3,785,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth about $1,257,000. Brown Advisory Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 716.1% in the 2nd quarter. Brown Advisory Inc. now owns 71,454 shares of the company’s stock worth $5,180,000 after purchasing an additional 62,698 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth about $1,330,000. NumerixS Investment Technologies Inc grew its holdings in shares of Ollie’s Bargain Outlet by 135.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 12,500 shares of the company’s stock worth $912,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Yorktown Management & Research Co Inc grew its holdings in shares of Ollie’s Bargain Outlet by 6.6% in the 2nd quarter. Yorktown Management & Research Co Inc now owns 12,900 shares of the company’s stock worth $935,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.

Shares of NASDAQ:OLLI opened at $89.16 on Tuesday. Ollie’s Bargain Outlet Holdings Inc has a 12 month low of $42.36 and a 12 month high of $97.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 2.51. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 71.33, a P/E/G ratio of 2.12 and a beta of 0.37.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, topping 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 firm had revenue of $288.10 million for the quarter, compared to analyst estimates of $284.19 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The company’s revenue was up 13.1% on a year-over-year basis. Analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.75 earnings per share for the current fiscal year.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 90,000 shares of the company’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $94.49, for a total transaction of $8,504,100.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Jay Stasz sold 5,337 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $91.16, for a total transaction of $486,520.92. Following the transaction, the chief financial officer now owns 12,733 shares in the company, valued at $1,160,740.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 393,087 shares of company stock worth $34,502,013. Insiders own 20.27% of the company’s stock.

Several equities research analysts have recently weighed in on OLLI shares. KeyCorp upped their target price on shares of Ollie’s Bargain Outlet from $80.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, September 6th. Morgan Stanley set a $75.00 target price on shares of Ollie’s Bargain Outlet and gave the stock an “equal weight” rating in a report on Thursday, September 6th. Loop Capital upped their target price on shares of Ollie’s Bargain Outlet to $85.00 and gave the stock a “hold” rating in a report on Friday, September 7th. Zacks Investment Research lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Finally, BidaskClub raised shares of Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 23rd. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $88.25.

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

Read More: Retained Earnings

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

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