Ollie’s Bargain Outlet Holdings, Inc. (OLLI) is Cortina Asset Management LLC’s Largest Position

Cortina Asset Management LLC reduced its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,008,073 shares of the company’s stock after selling 5,126 shares during the period. Ollie’s Bargain Outlet Holdings makes up about 1.9% of Cortina Asset Management LLC’s holdings, making the stock its largest holding. Cortina Asset Management LLC owned 1.64% of Ollie’s Bargain Outlet Holdings worth $46,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of OLLI. Advisor Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 23.2% in the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after acquiring an additional 537 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Ollie’s Bargain Outlet Holdings in the second quarter worth $139,000. D.A. Davidson & CO. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 14.9% in the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after acquiring an additional 447 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 165.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock worth $178,000 after acquiring an additional 2,604 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 302.7% in the second quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock worth $182,000 after acquiring an additional 3,200 shares during the period. 88.88% of the stock is owned by hedge funds and other institutional investors.

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Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ OLLI) traded up $1.10 during midday trading on Monday, reaching $46.00. The company’s stock had a trading volume of 603,500 shares, compared to its average volume of 593,057. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $27.75 and a twelve month high of $46.90. The company has a quick ratio of 0.29, a current ratio of 2.80 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $2,820.00 and a P/E ratio of 42.59.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The business had revenue of $254.60 million for the quarter, compared to the consensus estimate of $242.85 million. During the same quarter last year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 20.5% on a year-over-year basis. analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 1.19 earnings per share for the current year.

In other news, CEO Mark L. Butler sold 110,059 shares of Ollie’s Bargain Outlet Holdings stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $46.02, for a total value of $5,064,915.18. Following the transaction, the chief executive officer now owns 4,770,421 shares in the company, valued at $219,534,774.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark L. Butler sold 334,200 shares of Ollie’s Bargain Outlet Holdings stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $46.02, for a total value of $15,379,884.00. Following the completion of the transaction, the chief executive officer now owns 4,770,421 shares in the company, valued at approximately $219,534,774.42. The disclosure for this sale can be found here. Insiders have sold 692,871 shares of company stock worth $31,879,134 in the last 90 days. Company insiders own 22.25% of the company’s stock.

Several equities research analysts recently issued reports on OLLI shares. BidaskClub lowered Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. KeyCorp reissued a “buy” rating and set a $50.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Friday, September 29th. Zacks Investment Research lowered Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Jefferies Group LLC reissued a “buy” rating and set a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Wednesday, August 23rd. Finally, Citigroup Inc. started coverage on Ollie’s Bargain Outlet Holdings in a research note on Friday. They set a “sell” rating and a $39.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $46.92.

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.

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

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