Summit Creek Advisors LLC Reduces Stake in Ollie’s Bargain Outlet Holdings Inc (OLLI)

Summit Creek Advisors LLC decreased its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 0.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 106,630 shares of the company’s stock after selling 180 shares during the quarter. Summit Creek Advisors LLC owned 0.17% of Ollie’s Bargain Outlet worth $9,099,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of OLLI. JPMorgan Chase & Co. increased its holdings in shares of Ollie’s Bargain Outlet by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 914,257 shares of the company’s stock worth $87,861,000 after purchasing an additional 34,762 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Ollie’s Bargain Outlet by 0.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 950,375 shares of the company’s stock worth $91,331,000 after purchasing an additional 4,733 shares during the period. Hsbc Holdings PLC bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth about $386,000. Tower Research Capital LLC TRC increased its holdings in shares of Ollie’s Bargain Outlet by 148.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,872 shares of the company’s stock worth $276,000 after purchasing an additional 1,718 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth about $2,776,000. Institutional investors own 89.46% of the company’s stock.

Several research analysts have recently issued reports on OLLI shares. Morgan Stanley dropped their price objective on shares of Ollie’s Bargain Outlet from $82.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday, January 7th. BidaskClub raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Bank of America reissued a “buy” rating and issued a $87.00 target price (down previously from $98.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, January 9th. Finally, Zacks Investment Research cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Ollie’s Bargain Outlet presently has an average rating of “Buy” and an average price target of $89.40.

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 21,000 shares of the business’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $85.55, for a total value of $1,796,550.00. Following the transaction, the director now directly owns 7,474 shares in the company, valued at $639,400.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Kevin Mclain sold 14,000 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $89.20, for a total transaction of $1,248,800.00. Following the completion of the transaction, the senior vice president now owns 14,000 shares in the company, valued at $1,248,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 318,288 shares of company stock worth $25,884,568. Company insiders own 20.27% of the company’s stock.

NASDAQ:OLLI traded up $1.47 on Monday, reaching $92.11. The stock had a trading volume of 14,335 shares, compared to its average volume of 1,092,914. The firm has a market cap of $5.77 billion, a PE ratio of 50.18, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. Ollie’s Bargain Outlet Holdings Inc has a 1-year low of $59.72 and a 1-year high of $97.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, March 26th. The company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01. The firm had revenue of $393.93 million for the quarter, compared to analyst estimates of $398.13 million. Ollie’s Bargain Outlet had a net margin of 10.88% and a return on equity of 13.71%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. Analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 2.16 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Summit Creek Advisors LLC Reduces Stake in Ollie’s Bargain Outlet Holdings Inc (OLLI)” was posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.thelincolnianonline.com/2019/04/15/summit-creek-advisors-llc-reduces-stake-in-ollies-bargain-outlet-holdings-inc-olli.html.

Ollie’s Bargain Outlet Company Profile

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

See Also: How do taxes affect a CDs total return?

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.