Balyasny Asset Management LLC trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 34.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,411 shares of the company’s stock after selling 40,360 shares during the quarter. Balyasny Asset Management LLC owned about 0.12% of Ollie’s Bargain Outlet Holdings worth $3,213,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its holdings in Ollie’s Bargain Outlet Holdings by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock worth $647,000 after acquiring an additional 40 shares in the last quarter. LS Investment Advisors LLC increased its holdings in Ollie’s Bargain Outlet Holdings by 1.1% in the 2nd quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock worth $186,000 after acquiring an additional 46 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Ollie’s Bargain Outlet Holdings by 1.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the company’s stock worth $839,000 after acquiring an additional 200 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Ollie’s Bargain Outlet Holdings by 2.1% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,870 shares of the company’s stock worth $364,000 after acquiring an additional 220 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in Ollie’s Bargain Outlet Holdings by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 25,200 shares of the company’s stock worth $1,074,000 after acquiring an additional 300 shares in the last quarter. 92.20% of the stock is owned by institutional investors.

In related news, VP Howard Freedman sold 14,658 shares of the business’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 39,370 shares in the company, valued at $1,777,555.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kenneth Robert Bertram sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $43.25, for a total value of $259,500.00. Following the sale, the vice president now owns 6,000 shares of the company’s stock, valued at $259,500. The disclosure for this sale can be found here. Insiders have sold 1,156,604 shares of company stock valued at $52,810,309 over the last quarter. 22.25% of the stock is owned by company insiders.

OLLI has been the subject of several analyst reports. BidaskClub lowered shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. TheStreet raised shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a report on Monday, July 17th. Zacks Investment Research lowered shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Jefferies Group LLC reissued a “buy” rating and issued a $48.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada increased their target price on shares of Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Ollie’s Bargain Outlet Holdings currently has an average rating of “Buy” and an average price target of $47.30.

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Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ OLLI) opened at 45.25 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $25.65 and a one year high of $46.90. The firm’s 50-day moving average is $45.74 and its 200-day moving average is $45.74. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 39.01 and a beta of 0.21.

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

Ollie’s Bargain Outlet Holdings Company Profile

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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