Neuberger Berman Group LLC reduced its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,742 shares of the company’s stock after selling 1,601 shares during the period. Neuberger Berman Group LLC owned 0.10% of Ollie’s Bargain Outlet Holdings worth $2,588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Prudential Financial Inc. increased its stake in Ollie’s Bargain Outlet Holdings by 65.2% in the second quarter. Prudential Financial Inc. now owns 131,130 shares of the company’s stock valued at $5,586,000 after purchasing an additional 51,740 shares in the last quarter. Aviva PLC increased its stake in Ollie’s Bargain Outlet Holdings by 52.9% in the second quarter. Aviva PLC now owns 77,200 shares of the company’s stock valued at $3,287,000 after purchasing an additional 26,700 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Ollie’s Bargain Outlet Holdings in the second quarter valued at $208,000. BNP Paribas Arbitrage SA increased its stake in Ollie’s Bargain Outlet Holdings by 54.4% in the second quarter. BNP Paribas Arbitrage SA now owns 15,003 shares of the company’s stock valued at $639,000 after purchasing an additional 5,289 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Ollie’s Bargain Outlet Holdings by 27.0% in the second quarter. Legal & General Group Plc now owns 91,937 shares of the company’s stock valued at $3,911,000 after purchasing an additional 19,529 shares in the last quarter. 92.47% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Kenneth Robert Bertram sold 6,000 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $43.25, for a total value of $259,500.00. Following the completion of the transaction, the vice president now directly owns 6,000 shares in the company, valued at approximately $259,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Howard Freedman sold 14,658 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $45.15, for a total transaction of $661,808.70. Following the completion of the transaction, the vice president now owns 39,370 shares of the company’s stock, valued at $1,777,555.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 469,981 shares of company stock valued at $21,212,335. 22.25% of the stock is owned by company insiders.

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ OLLI) opened at 45.30 on Friday. The company has a market capitalization of $2.78 billion, a P/E ratio of 39.05 and a beta of 0.17. The firm has a 50-day moving average of $45.50 and a 200 day moving average of $37.93. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $24.80 and a 1-year high of $46.00.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The company had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. Ollie’s Bargain Outlet Holdings’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post $1.19 earnings per share for the current year.

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Several equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub downgraded shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research note on Wednesday, August 23rd. Buckingham Research set a $41.00 price target on shares of Ollie’s Bargain Outlet Holdings and gave the company a “hold” rating in a research note on Wednesday, August 30th. Finally, Royal Bank Of Canada lifted their price target on shares of Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ollie’s Bargain Outlet Holdings has an average rating of “Buy” and a consensus price target of $46.88.

About Ollie’s Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

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