Whittier Trust Co. Acquires 3,037 Shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Whittier Trust Co. boosted its stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 4.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,553 shares of the company’s stock after purchasing an additional 3,037 shares during the quarter. Whittier Trust Co. owned about 0.12% of Ollie’s Bargain Outlet worth $6,407,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at about $69,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at about $93,000. Advisory Services Network LLC raised its stake in 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 purchasing an additional 890 shares in the last quarter. World Asset Management Inc acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at about $204,000. Finally, Coldstream Capital Management Inc. acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at about $205,000. 90.51% of the stock is owned by institutional investors and hedge funds.

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

Shares of Ollie’s Bargain Outlet stock traded down $1.64 on Friday, hitting $80.69. The stock had a trading volume of 582,170 shares, compared to its average volume of 832,293. The company has a 50 day moving average of $87.42. Ollie’s Bargain Outlet Holdings Inc has a twelve month low of $59.72 and a twelve month high of $103.03. The company has a quick ratio of 0.31, a current ratio of 1.86 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 44.09, a P/E/G ratio of 1.83 and a beta of 0.73.

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

A number of research analysts recently commented on the company. Loop Capital raised 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. Zacks Investment Research downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $101.00 target price for the company. in a research note on Tuesday, June 4th. BidaskClub downgraded Ollie’s Bargain Outlet from a “sell” rating to a “strong sell” rating in a research note on Friday, July 12th. Dougherty & Co assumed coverage on Ollie’s Bargain Outlet in a research note on Thursday, May 23rd. They set a “buy” rating and a $115.00 target price for the company. Finally, Credit Suisse Group boosted their target price on Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $96.38.

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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