Sei Investments Co. grew its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 101.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,252 shares of the company’s stock after acquiring an additional 11,213 shares during the quarter. Sei Investments Co.’s holdings in Ollie’s Bargain Outlet were worth $1,613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Asia Hong Kong Ltd purchased a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $112,000. Cerebellum GP LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at approximately $178,000. Cim LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at approximately $204,000. Schwartz Investment Counsel Inc. purchased a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $211,000. Finally, Zeke Capital Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 89.04% of the company’s stock.

In other news, SVP Omar Segura sold 24,573 shares of the stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $74.06, for a total transaction of $1,819,876.38. Following the transaction, the senior vice president now owns 12,927 shares in the company, valued at approximately $957,373.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark L. Butler sold 300,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $67.48, for a total value of $20,244,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,985,490 shares of company stock worth $143,390,525 in the last quarter. Insiders own 20.27% of the company’s stock.

A number of equities research analysts recently commented on OLLI shares. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “neutral” rating and set a $75.00 target price on the stock in a research report on Monday, July 9th. ValuEngine upgraded Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Friday. Bank of America lowered Ollie’s Bargain Outlet from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $75.50 to $68.00 in a research report on Friday, June 22nd. Morgan Stanley set a $75.00 price objective on Ollie’s Bargain Outlet and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Loop Capital began coverage on Ollie’s Bargain Outlet in a research report on Monday, June 18th. They issued a “hold” rating and a $75.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $84.69.

Ollie’s Bargain Outlet stock opened at $92.50 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.25 and a current ratio of 2.18. Ollie’s Bargain Outlet Holdings Inc has a 12 month low of $42.36 and a 12 month high of $92.75. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 74.00, a P/E/G ratio of 2.22 and a beta of 0.26.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.80% and a net margin of 12.88%. The business had revenue of $288.10 million for the quarter, compared to analyst estimates of $284.19 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. sell-side analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.73 earnings per share for the current year.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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

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