Royce & Associates LP reduced its holdings in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 67.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,000 shares of the company’s stock after selling 19,000 shares during the period. Royce & Associates LP’s holdings in Ollie’s Bargain Outlet were worth $599,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 111.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 7,051 shares of the company’s stock worth $469,000 after acquiring an additional 3,723 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 12.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,130 shares of the company’s stock worth $740,000 after acquiring an additional 1,247 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth about $399,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Ollie’s Bargain Outlet by 4.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 222,705 shares of the company’s stock worth $14,812,000 after acquiring an additional 8,839 shares during the last quarter. Finally, Gryphon Financial Partners LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth about $923,000. 89.54% of the stock is owned by institutional investors and hedge funds.

In other news, VP Kenneth Robert Bertram sold 4,000 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $85.42, for a total value of $341,680.00. Following the completion of the sale, the vice president now owns 19,967 shares in the company, valued at approximately $1,705,581.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO John W. Swygert sold 3,149 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $79.98, for a total transaction of $251,857.02. Following the completion of the sale, the chief operating officer now owns 33,699 shares of the company’s stock, valued at approximately $2,695,246.02. The disclosure for this sale can be found here. Insiders have sold a total of 206,472 shares of company stock valued at $16,607,508 in the last quarter. 20.27% of the stock is currently owned by company insiders.

Shares of OLLI opened at $79.46 on Friday. Ollie’s Bargain Outlet Holdings Inc has a 1-year low of $54.70 and a 1-year high of $97.61. The stock has a market cap of $5.00 billion, a P/E ratio of 63.57, a P/E/G ratio of 1.49 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.03 and a quick ratio of 0.07.

A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 6th. Bank of America reiterated a “buy” rating and set a $87.00 price objective (down previously from $98.00) on shares of Ollie’s Bargain Outlet in a report on Wednesday, January 9th. Finally, Morgan Stanley decreased their price objective on shares of Ollie’s Bargain Outlet from $82.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, January 7th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Ollie’s Bargain Outlet has a consensus rating of “Buy” and a consensus target price of $88.73.

COPYRIGHT VIOLATION WARNING: “Royce & Associates LP Sells 19,000 Shares of Ollie’s Bargain Outlet Holdings Inc (OLLI)” was originally reported by Daily Political and is owned by of Daily Political. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.dailypolitical.com/2019/03/16/royce-associates-lp-sells-19000-shares-of-ollies-bargain-outlet-holdings-inc-olli.html.

Ollie’s Bargain Outlet Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

Featured Article: Buyback

Want to see what other hedge funds are holding OLLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI).

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

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.