Contravisory Investment Management Inc. Reduces Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)


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Contravisory Investment Management Inc. lessened its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,689 shares of the company’s stock after selling 251 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. IFP Advisors Inc grew its holdings in Ollie’s Bargain Outlet by 225.7% in the 3rd quarter. IFP Advisors Inc now owns 329 shares of the company’s stock valued at $29,000 after buying an additional 228 shares during the period. Prospera Financial Services Inc purchased a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at about $29,000. Cerebellum GP LLC purchased a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at about $65,000. Meeder Asset Management Inc. grew its holdings in Ollie’s Bargain Outlet by 3,041.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 754 shares of the company’s stock valued at $66,000 after buying an additional 730 shares during the period. Finally, Jackson Square Capital LLC grew its holdings in Ollie’s Bargain Outlet by 18.3% in the 3rd quarter. Jackson Square Capital LLC now owns 931 shares of the company’s stock valued at $81,000 after buying an additional 144 shares during the period.

Shares of OLLI opened at $96.03 on Thursday. The business’s 50 day moving average is $84.79 and its two-hundred day moving average is $92.45. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $28.83 and a 52-week high of $112.58. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 1.33 and a beta of 1.30.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, December 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The business had revenue of $414.40 million for the quarter, compared to analyst estimates of $405.70 million. Ollie’s Bargain Outlet had a return on equity of 16.13% and a net margin of 12.90%. The business’s revenue was up 26.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.04 earnings per share for the current year.

Several research firms have commented on OLLI. Smith Barney Citigroup lowered their price target on Ollie’s Bargain Outlet from $91.00 to $78.00 in a report on Monday, December 7th. Zacks Investment Research cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating and set a $96.00 target price for the company. in a report on Friday, January 8th. Morgan Stanley decreased their target price on Ollie’s Bargain Outlet from $95.00 to $86.00 and set an “equal weight” rating for the company in a report on Monday, December 7th. ValuEngine upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Friday, December 11th. Finally, Berenberg Bank initiated coverage on Ollie’s Bargain Outlet in a report on Wednesday, November 18th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $92.83.

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.

Further Reading: Death Cross

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

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