Ladenburg Thalmann Financial Services Inc. Buys 3,280 Shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Ladenburg Thalmann Financial Services Inc. raised its stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 66.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 8,235 shares of the company’s stock after acquiring an additional 3,280 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Ollie’s Bargain Outlet were worth $716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan grew its position in shares of Ollie’s Bargain Outlet by 1.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,530 shares of the company’s stock valued at $830,000 after buying an additional 130 shares during the last quarter. D.B. Root & Company LLC boosted its position in shares of Ollie’s Bargain Outlet by 2.5% during the 2nd quarter. D.B. Root & Company LLC now owns 6,900 shares of the company’s stock valued at $601,000 after purchasing an additional 170 shares in the last quarter. Navellier & Associates Inc boosted its position in shares of Ollie’s Bargain Outlet by 0.3% during the 2nd quarter. Navellier & Associates Inc now owns 63,181 shares of the company’s stock valued at $5,504,000 after purchasing an additional 216 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Ollie’s Bargain Outlet by 7.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,509 shares of the company’s stock valued at $306,000 after purchasing an additional 235 shares in the last quarter. Finally, Capital Impact Advisors LLC boosted its position in shares of Ollie’s Bargain Outlet by 0.9% during the 2nd quarter. Capital Impact Advisors LLC now owns 25,800 shares of the company’s stock valued at $2,269,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 91.12% of the company’s stock.

OLLI has been the topic of several research analyst reports. Citigroup cut their target price on Ollie’s Bargain Outlet from $95.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. TheStreet lowered Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research report on Wednesday, October 2nd. ValuEngine lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. KeyCorp cut their target price on Ollie’s Bargain Outlet from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, Bank of America cut their target price on Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” 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 assigned a hold rating and seven have assigned a buy rating to the company’s stock. Ollie’s Bargain Outlet has an average rating of “Hold” and a consensus target price of $79.83.

Shares of Ollie’s Bargain Outlet stock opened at $60.23 on Friday. The stock’s 50-day moving average is $62.12 and its 200 day moving average is $83.05. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 1.36 and a beta of 0.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.13 and a quick ratio of 0.41. Ollie’s Bargain Outlet Holdings Inc has a one year low of $53.60 and a one year 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 (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $333.90 million during the quarter, compared to the consensus estimate of $339.83 million. Ollie’s Bargain Outlet had a return on equity of 12.67% and a net margin of 10.37%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. On average, sell-side analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.97 EPS for the current fiscal year.

In other news, Director Stanley Fleishman purchased 2,000 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were acquired at an average price of $64.66 per share, for a total transaction of $129,320.00. Following the completion of the acquisition, the director now owns 43,974 shares in the company, valued at $2,843,358.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Omar Segura sold 10,000 shares of the 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 in the company, valued at approximately $874,500. The disclosure for this sale can be found here. 16.36% of the stock is currently owned by corporate insiders.

About Ollie’s Bargain Outlet

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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Want to see what other hedge funds are holding OLLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI).

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

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