RS Investment Management Co. LLC raised its stake in Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) by 9.1% during the second quarter, Holdings Channel reports. The fund owned 1,442,108 shares of the company’s stock after buying an additional 120,658 shares during the period. RS Investment Management Co. LLC’s holdings in Ollie’s Bargain Outlet Holdings were worth $35,894,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Metropolitan Life Insurance Co. NY acquired a new position in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at $187,000. Quadrature Capital Ltd acquired a new position in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at $201,000. Goldman Sachs Group Inc. acquired a new position in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at $781,000. Geode Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet Holdings by 56.3% in the first quarter. Geode Capital Management LLC now owns 129,414 shares of the company’s stock valued at $3,032,000 after buying an additional 46,639 shares during the last quarter. Finally, State Street Corp increased its position in shares of Ollie’s Bargain Outlet Holdings by 28.3% in the first quarter. State Street Corp now owns 166,454 shares of the company’s stock valued at $3,897,000 after buying an additional 36,732 shares during the last quarter. 87.70% of the stock is owned by institutional investors and hedge funds.

Shares of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) traded down 0.80% during mid-day trading on Thursday, reaching $26.18. The company’s stock had a trading volume of 666,585 shares. The firm has a market capitalization of $1.58 billion, a P/E ratio of 34.00 and a beta of 0.10. Ollie’s Bargain Outlet Holdings Inc. has a 1-year low of $14.88 and a 1-year high of $28.72. The company’s 50-day moving average is $26.53 and its 200 day moving average is $25.01.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its earnings results on Wednesday, August 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Ollie’s Bargain Outlet Holdings had a return on equity of 8.91% and a net margin of 5.80%. The company had revenue of $211.30 million for the quarter, compared to the consensus estimate of $207.61 million. During the same period last year, the business posted $0.15 EPS. The company’s revenue was up 16.2% on a year-over-year basis. On average, analysts expect that Ollie’s Bargain Outlet Holdings Inc. will post $0.90 earnings per share for the current year.

Several research firms recently commented on OLLI. Zacks Investment Research raised Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Saturday, September 3rd. Jefferies Group reissued a “buy” rating and issued a $30.00 price objective (up from $29.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, June 2nd. Johnson Rice began coverage on Ollie’s Bargain Outlet Holdings in a research note on Wednesday, June 1st. They issued a “buy” rating for the company. Royal Bank Of Canada increased their price objective on Ollie’s Bargain Outlet Holdings from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, September 1st. Finally, Piper Jaffray Cos. reissued a “buy” rating and issued a $28.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Monday, June 13th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $27.63.

In other Ollie’s Bargain Outlet Holdings news, CFO John W. Swygert sold 25,000 shares of Ollie’s Bargain Outlet Holdings stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the chief financial officer now directly owns 61,000 shares in the company, valued at approximately $1,525,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kevin Mclain sold 10,000 shares of Ollie’s Bargain Outlet Holdings stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the senior vice president now owns 10,000 shares in the company, valued at $250,000. The disclosure for this sale can be found here. 21.80% of the stock is owned by company insiders.

About Ollie’s Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

5 Day Chart for NASDAQ:OLLI

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