Frontier Capital Management Co. LLC reduced its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet a rating) by 65.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund held 29,924 shares of the company after selling 55,906 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Ollie’s Bargain Outlet were worth $1,286,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wolf Group Capital Advisors increased its stake in Ollie’s Bargain Outlet by 213.9% during the 4th quarter. Wolf Group Capital Advisors now owns 52,272 shares of the company valued at $2,676,000 after purchasing an additional 35,620 shares in the last quarter. First Trust Advisors LP increased its stake in Ollie’s Bargain Outlet by 41.1% during the 4th quarter. First Trust Advisors LP now owns 306,711 shares of the company valued at $15,701,000 after purchasing an additional 89,281 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in Ollie’s Bargain Outlet during Q3 valued at approximately $66,000. Citigroup Inc. increased its stake in Ollie’s Bargain Outlet by 12.5% ​​during the fourth quarter. Citigroup Inc. now owns 63,904 shares of the company valued at $3,271,000 after purchasing an additional 7,123 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Ollie’s Bargain Outlet by 22.1% during the 3rd quarter. LPL Financial LLC now owns 31,146 shares of the company valued at $1,872,000 after purchasing an additional 5,628 shares in the last quarter.

Shares of Stock at Ollie’s Bargain Outlet opened at $63.43 on Monday. The company has a 50-day simple moving average of $50.02 and a two-hundred-day simple moving average of $47.46. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $37.67 and a 12-month high of $95.43. The stock has a market capitalization of $3.96 billion, a P/E ratio of 35.44, a PEG ratio of 1.96 and a beta of 1.10.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet a rating) last announced its results on Wednesday, June 8. The company reported EPS of $0.20 for the quarter, missing analyst consensus estimates of $0.30 per ($0.10). Ollie’s Bargain Outlet had a net margin of 6.72% and a return on equity of 8.58%. The company posted revenue of $406.70 million for the quarter, versus analyst estimates of $417.48 million. During the same period of the previous year, the company achieved EPS of $0.80. Ollie’s Bargain Outlet revenue was down 10.1% from the same quarter last year. As a group, stock analysts expect Ollie’s Bargain Outlet Holdings, Inc. to post EPS of 1.88 for the current fiscal year.

OLLI has been the subject of a number of recent research reports. UBS Group raised its target price at Ollie’s Bargain Outlet to $55.00 in a Thursday, June 9 research note. KeyCorp lowered its price target on Ollie’s Bargain Outlet from $83.00 to $75.00 and set an “overweight” rating on the stock in a Thursday, March 24 research note. Craig Hallum upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised its target price for the stock from $43.00 to $75.00 in a Wednesday 8 research note June. StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a Thursday, June 9 research note. Finally, Bank of America upgraded Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating and raised its target price for the stock from $30.00 to $75.00 in a research note. Friday, May 20. Three investment analysts gave the stock a sell rating, five gave the company a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.93.

About Ollie’s Bargain Outlet (Get a rating)

Ollie’s Bargain Outlet Holdings, Inc. operates as a brand name merchandise retailer. The company offers household, bed and bath, food, flooring, health and beauty products, books and stationery, toys and electronics. and other products, including hardware, candy, apparel, sporting goods, 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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