Stocks: Ollie’s Bargain Outlet Holdings Inc (OLLI) Shares Sold by DUPONT CAPITAL MANAGEMENT Corp

Stocks: Ollie’s Bargain Outlet Holdings Inc (OLLI) Shares Sold by DUPONT CAPITAL MANAGEMENT Corp

DUPONT CAPITAL MANAGEMENT Corp lowered its position in Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 47.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,251 shares of the company’s stock after selling 25,100 shares during the period. DUPONT CAPITAL MANAGEMENT Corp’s holdings in Ollie's Bargain Outlet Holdings were worth $946,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of OLLI. PNC Financial Services Group Inc. raised its position in shares of Ollie's Bargain Outlet Holdings by 4,555.3% in the third quarter. PNC Financial Services Group Inc. now owns 3,957 shares of the company’s stock valued at $104,000 after buying an additional 3,872 shares during the period. Dubuque Bank & Trust Co. purchased a new position in Ollie's Bargain Outlet Holdings during the first quarter valued at $153,000. State of Alaska Department of Revenue raised its position in Ollie's Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock valued at $176,000 after buying an additional 150 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Ollie's Bargain Outlet Holdings during the fourth quarter valued at $202,000. Finally, Zacks Investment Management purchased a new position in Ollie's Bargain Outlet Holdings during the third quarter valued at $218,000. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) opened at 39.55 on Friday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 41.20 and a beta of 0.15. Ollie's Bargain Outlet Holdings Inc has a one year low of $22.25 and a one year high of $41.30. The firm’s 50-day moving average is $35.76 and its 200 day moving average is $31.76.

Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $283.40 million for the quarter, compared to analysts’ expectations of $281.05 million. Ollie's Bargain Outlet Holdings had a return on equity of 9.29% and a net margin of 6.05%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 EPS. Equities research analysts predict that Ollie's Bargain Outlet Holdings Inc will post $1.16 earnings per share for the current year.

Several research firms recently weighed in on OLLI. Royal Bank of Canada lifted their price objective on shares of Ollie's Bargain Outlet Holdings from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 29th. Jefferies Group LLC reissued a “buy” rating and set a $37.00 price objective on shares of Ollie's Bargain Outlet Holdings in a research note on Wednesday, March 29th. MKM Partners reissued a “buy” rating and set a $39.00 price objective (up previously from $34.00) on shares of Ollie's Bargain Outlet Holdings in a research note on Friday, March 31st. Finally, Zacks Investment Research raised shares of Ollie's Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, March 31st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $35.60.

In other news, SVP Kevin Mclain sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $31.42, for a total transaction of $314,200.00. Following the transaction, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $314,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Howard Freedman sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $36.28, for a total value of $1,088,400.00. Following the transaction, the vice president now directly owns 60,180 shares in the company, valued at $2,183,330.40. The disclosure for this sale can be found here. Insiders have sold a total of 129,431 shares of company stock worth $4,280,365 over the last 90 days. Company insiders own 21.80% of the company’s stock.

Ollie's Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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