Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) saw strong trading volume on Tuesday . 693,389 shares changed hands during mid-day trading, a decline of 9% from the previous session’s volume of 763,308 shares.The stock last traded at $26.39 and had previously closed at $25.70.

OLLI has been the subject of several recent analyst reports. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $22.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research report on Wednesday, April 6th. Jefferies Group lifted their price objective on shares of Ollie’s Bargain Outlet Holdings from $23.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, April 7th. Royal Bank Of Canada lifted their price objective on shares of Ollie’s Bargain Outlet Holdings from $24.00 to $26.00 in a research report on Thursday, April 7th. JPMorgan Chase & Co. lifted their price objective on shares of Ollie’s Bargain Outlet Holdings from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, April 7th. Finally, Zacks Investment Research raised shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Saturday, April 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $25.38.

The company has a 50 day moving average of $24.44 and a 200 day moving average of $22.92. The company has a market cap of $1.57 billion and a PE ratio of 37.52.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, June 1st. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.17 by $0.03. The company had revenue of $193.72 million for the quarter, compared to analyst estimates of $190.44 million. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. Equities research analysts predict that Ollie’s Bargain Outlet Holdings Inc. will post $0.87 earnings per share for the current fiscal year.

In other news, CFO John W. Swygert sold 25,000 shares of the stock in a transaction on Monday, July 11th. The shares were sold at an average price of $25.00, for a total value of $625,000.00. Following the completion of the sale, the chief financial officer now owns 61,000 shares of the company’s stock, valued at $1,525,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ccmp Capital, Lp sold 27,951,440 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $25.00, for a total transaction of $698,786,000.00. The disclosure for this sale can be found here.

Other large investors have added to or reduced their stakes in the company. Eagle Asset Management Inc. raised its stake in Ollie’s Bargain Outlet Holdings by 4.8% in the fourth quarter. Eagle Asset Management Inc. now owns 88,426 shares of the company’s stock valued at $1,504,000 after buying an additional 4,071 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in Ollie’s Bargain Outlet Holdings by 27.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 92,500 shares of the company’s stock valued at $1,573,000 after buying an additional 20,000 shares during the last quarter. Finally, J. Goldman & Co LP raised its stake in Ollie’s Bargain Outlet Holdings by 83.4% in the fourth quarter. J. Goldman & Co LP now owns 525,000 shares of the company’s stock valued at $8,930,000 after buying an additional 238,700 shares during the last quarter.

Ollie’s Bargain Outlet Holdings, Inc is a retailer of closeouts, excess inventory and salvage merchandise. The Company, through its wholly owned subsidiary, Ollie’s Bargain Outlet, Inc, offers products of various categories, including housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware.

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