Credit Suisse AG Has $2.15 Million Position in Ollie’s Bargain Outlet Holdings, Inc. (OLLI)

Credit Suisse AG cut its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,221 shares of the company’s stock after selling 3,571 shares during the period. Credit Suisse AG owned about 0.11% of Ollie’s Bargain Outlet Holdings worth $2,152,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Flinton Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet Holdings by 29.0% in the first quarter. Flinton Capital Management LLC now owns 3,026 shares of the company’s stock worth $101,000 after buying an additional 680 shares during the period. Invictus RG acquired a new position in shares of Ollie’s Bargain Outlet Holdings during the first quarter worth $101,000. LS Investment Advisors LLC increased its position in shares of Ollie’s Bargain Outlet Holdings by 125.2% in the first quarter. LS Investment Advisors LLC now owns 4,329 shares of the company’s stock worth $145,000 after buying an additional 2,407 shares during the period. Dubuque Bank & Trust Co. acquired a new position in shares of Ollie’s Bargain Outlet Holdings during the first quarter worth $153,000. Finally, State of Alaska Department of Revenue increased its position in shares of 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 worth $176,000 after buying an additional 150 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ollie’s Bargain Outlet Holdings, Inc. (OLLI) traded up 2.78% during midday trading on Friday, hitting $44.35. The stock had a trading volume of 505,149 shares. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $24.12 and a 52 week high of $46.08. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 41.84 and a beta of 0.15. The stock’s 50-day moving average price is $43.71 and its 200 day moving average price is $38.09.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, May 31st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $227.60 million during the quarter, compared to analyst estimates of $220.56 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.25% and a return on equity of 10.11%. Ollie’s Bargain Outlet Holdings’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 earnings per share for the current year.

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A number of brokerages have weighed in on OLLI. BidaskClub downgraded Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. TheStreet raised Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 17th. Credit Suisse Group restated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a report on Sunday, June 4th. Piper Jaffray Companies set a $48.00 price objective on Ollie’s Bargain Outlet Holdings and gave the stock a “buy” rating in a report on Thursday, June 1st. Finally, MKM Partners cut Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a report on Tuesday, May 30th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $39.60.

In related news, VP Kenneth Robert Bertram sold 10,500 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $42.81, for a total value of $449,505.00. Following the completion of the transaction, the vice president now directly owns 10,500 shares of the company’s stock, valued at approximately $449,505. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Kevin Mclain sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $43.05, for a total transaction of $861,000.00. Following the completion of the transaction, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at $861,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 494,233 shares of company stock valued at $22,241,680. 22.25% of the stock is owned by insiders.

About Ollie’s Bargain Outlet Holdings

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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