Massachusetts Financial Services Co. MA Lowers Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Massachusetts Financial Services Co. MA cut its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 11.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 323,798 shares of the company’s stock after selling 40,052 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Ollie’s Bargain Outlet were worth $31,473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of OLLI. International Assets Investment Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $31,000. Crewe Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $36,000. Versant Capital Management Inc purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $38,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 686.7% during the second quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock valued at $46,000 after purchasing an additional 412 shares during the last quarter.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the sale, the president now owns 5,615 shares in the company, valued at $563,296.80. The trade was a 57.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,880 shares of company stock worth $2,462,470 in the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $100.58 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The firm’s fifty day moving average is $94.79 and its 200 day moving average is $92.49. The stock has a market cap of $6.17 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.35 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. Ollie’s Bargain Outlet’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 EPS. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OLLI shares. JPMorgan Chase & Co. lowered their target price on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their price target for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Royal Bank of Canada raised their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. UBS Group raised their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Bank of America raised their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.92.

Ollie’s Bargain Outlet Profile

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