Massachusetts Financial Services Co. MA Sells 10,960 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Massachusetts Financial Services Co. MA decreased its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 4.8% during the second quarter, HoldingsChannel reports. The firm owned 219,276 shares of the company’s stock after selling 10,960 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Ollie’s Bargain Outlet were worth $18,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of OLLI. FMR LLC grew its stake in Ollie’s Bargain Outlet by 2.7% in the 2nd quarter. FMR LLC now owns 7,804,314 shares of the company’s stock valued at $656,576,000 after buying an additional 201,622 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Ollie’s Bargain Outlet by 0.6% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,390,911 shares of the company’s stock valued at $556,009,000 after purchasing an additional 40,610 shares during the last quarter. Wasatch Advisors Inc. increased its stake in shares of Ollie’s Bargain Outlet by 35.0% in the second quarter. Wasatch Advisors Inc. now owns 4,983,536 shares of the company’s stock worth $419,265,000 after purchasing an additional 1,292,271 shares during the period. Ameriprise Financial Inc. boosted its stake in Ollie’s Bargain Outlet by 74.3% during the 1st quarter. Ameriprise Financial Inc. now owns 1,390,221 shares of the company’s stock valued at $120,747,000 after purchasing an additional 592,643 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Ollie’s Bargain Outlet by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,249,399 shares of the company’s stock valued at $105,112,000 after buying an additional 19,184 shares during the last quarter.

Ollie’s Bargain Outlet stock opened at $63.71 on Thursday. The firm has a market capitalization of $4.15 billion, a P/E ratio of 21.10, a PEG ratio of 2.11 and a beta of 1.20. The business has a 50-day moving average of $72.73 and a 200-day moving average of $82.53. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $57.86 and a 1 year high of $123.52.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, August 25th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $415.88 million for the quarter, compared to analyst estimates of $434.60 million. Ollie’s Bargain Outlet had a net margin of 11.09% and a return on equity of 14.40%. The firm’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.04 EPS. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 2.7 EPS for the current fiscal year.

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 30,688 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, August 2nd. The shares were sold at an average price of $92.49, for a total value of $2,838,333.12. Following the transaction, the chief executive officer now owns 31,156 shares of the company’s stock, valued at $2,881,618.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stanley Fleishman acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, September 24th. The shares were bought at an average price of $63.53 per share, for a total transaction of $63,530.00. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 38,891 shares of company stock valued at $3,597,601. 0.69% of the stock is owned by corporate insiders.

A number of analysts have weighed in on OLLI shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $77.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, August 27th. Piper Sandler cut their price target on Ollie’s Bargain Outlet from $112.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, August 27th. Loop Capital lowered their price objective on Ollie’s Bargain Outlet from $90.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, August 27th. Berenberg Bank raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Wednesday, September 8th. Finally, Wells Fargo & Company upgraded shares of Ollie’s Bargain Outlet from an “underweight” rating to an “equal weight” rating and set a $70.00 price target on the stock in a research report on Friday, August 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $83.88.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

Further Reading: What are the advantages to having securities held in street name?

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)

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.