Alliancebernstein L.P. lowered its stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 9.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,534,022 shares of the company’s stock after selling 162,390 shares during the period. Alliancebernstein L.P. owned approximately 2.45% of Ollie’s Bargain Outlet worth $147,420,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in OLLI. Sapphire Star Partners LP increased its stake in shares of Ollie’s Bargain Outlet by 5.0% in the third quarter. Sapphire Star Partners LP now owns 11,528 shares of the company’s stock worth $1,108,000 after purchasing an additional 551 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Ollie’s Bargain Outlet by 4.4% in the third quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock worth $1,355,000 after purchasing an additional 600 shares during the period. State Treasurer State of Michigan increased its stake in shares of Ollie’s Bargain Outlet by 3.3% in the third quarter. State Treasurer State of Michigan now owns 19,000 shares of the company’s stock worth $1,826,000 after purchasing an additional 600 shares during the period. United Services Automobile Association increased its stake in shares of Ollie’s Bargain Outlet by 8.6% in the second quarter. United Services Automobile Association now owns 8,072 shares of the company’s stock worth $585,000 after purchasing an additional 640 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Ollie’s Bargain Outlet by 8.6% in the second quarter. Commonwealth Equity Services LLC now owns 9,636 shares of the company’s stock worth $699,000 after purchasing an additional 767 shares during the period. 86.52% of the stock is owned by institutional investors.

In other news, SVP Kevin Mclain sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $80.00, for a total value of $1,600,000.00. Following the sale, the senior vice president now directly owns 20,000 shares in the company, valued at approximately $1,600,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kenneth Robert Bertram sold 6,750 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $78.99, for a total value of $533,182.50. Following the completion of the sale, the vice president now owns 17,217 shares in the company, valued at $1,359,970.83. The disclosure for this sale can be found here. Insiders have sold 424,087 shares of company stock worth $38,330,563 over the last 90 days. Corporate insiders own 20.27% of the company’s stock.

OLLI has been the topic of a number of recent analyst reports. ValuEngine upgraded Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 7th. Morgan Stanley set a $75.00 price objective on Ollie’s Bargain Outlet and gave the stock an “equal weight” rating in a research note on Thursday, September 6th. MKM Partners lifted their price objective on Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 5th. Zacks Investment Research upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research note on Monday, September 10th. Finally, BidaskClub lowered Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Ollie’s Bargain Outlet has a consensus rating of “Buy” and a consensus price target of $88.25.

Shares of OLLI opened at $88.70 on Tuesday. Ollie’s Bargain Outlet Holdings Inc has a 12-month low of $45.15 and a 12-month high of $97.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 2.51. The stock has a market cap of $5.69 billion, a P/E ratio of 58.90, a PEG ratio of 2.07 and a beta of 0.37.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.48% and a net margin of 12.88%. The firm had revenue of $288.10 million for the quarter, compared to analyst estimates of $284.19 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. Analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 1.76 EPS for the current fiscal year.

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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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