Acadian Asset Management LLC Trims Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Acadian Asset Management LLC trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 23.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,411 shares of the company’s stock after selling 422 shares during the quarter. Acadian Asset Management LLC’s holdings in Ollie’s Bargain Outlet were worth $138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter worth about $25,000. ORG Partners LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $28,000. Opal Wealth Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $31,000. Crewe Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter valued at approximately $36,000. Finally, Versant Capital Management Inc bought a new position in Ollie’s Bargain Outlet in the second quarter worth approximately $38,000.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the sale, the senior vice president now owns 10,610 shares in the company, valued at $1,050,283.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the sale, the senior vice president now directly owns 2,732 shares in the company, valued at $284,592.44. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Ollie’s Bargain Outlet Trading Up 1.2 %

NASDAQ:OLLI opened at $98.99 on Friday. The firm has a fifty day simple moving average of $95.41 and a 200-day simple moving average of $86.11. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $104.98. The company has a market capitalization of $6.07 billion, a P/E ratio of 31.23, a PEG ratio of 2.45 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 EPS. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on OLLI shares. Bank of America increased their target price on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Loop Capital reiterated a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. cut their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Finally, Craig Hallum increased their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $103.33.

About Ollie’s Bargain Outlet

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