Catalyst Capital Advisors LLC lessened its stake in Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 25,500 shares of the company’s stock after selling 1,000 shares during the period. Catalyst Capital Advisors LLC’s holdings in Ollie's Bargain Outlet were worth $1,358,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Advisor Group Inc. increased its position in Ollie's Bargain Outlet by 23.2% in the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after acquiring an additional 537 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Ollie's Bargain Outlet by 50.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock valued at $158,000 after acquiring an additional 992 shares during the period. Ameritas Investment Partners Inc. increased its position in Ollie's Bargain Outlet by 165.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after acquiring an additional 2,604 shares during the period. Royal Bank of Canada increased its position in Ollie's Bargain Outlet by 302.7% in the 2nd quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock valued at $182,000 after acquiring an additional 3,200 shares during the period. Finally, First Heartland Consultants Inc. acquired a new position in Ollie's Bargain Outlet in the 3rd quarter valued at about $207,000. Hedge funds and other institutional investors own 88.52% of the company’s stock.
Several equities analysts recently issued reports on the company. BidaskClub upgraded Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Jefferies Group boosted their price target on Ollie's Bargain Outlet to $57.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Piper Jaffray Companies restated a “buy” rating and issued a $71.00 price target on shares of Ollie's Bargain Outlet in a research report on Tuesday, January 9th. Stephens restated an “overweight” rating and issued a $56.00 price target (up previously from $54.00) on shares of Ollie's Bargain Outlet in a research report on Monday, January 8th. Finally, Wells Fargo & Co assumed coverage on Ollie's Bargain Outlet in a research report on Friday, November 3rd. They issued a “market perform” rating and a $45.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $51.54.
Ollie's Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The company had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $233.77 million. During the same quarter in the previous year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. sell-side analysts forecast that Ollie's Bargain Outlet Holdings Inc will post 1.24 earnings per share for the current fiscal year.
In other news, Director Thomas Hendrickson sold 9,116 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $55.76, for a total transaction of $508,308.16. Following the sale, the director now owns 1,233 shares of the company’s stock, valued at approximately $68,752.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark L. Butler sold 152,102 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $47.02, for a total value of $7,151,836.04. Following the sale, the chief executive officer now directly owns 4,356 shares in the company, valued at approximately $204,819.12. The disclosure for this sale can be found here. Insiders have sold a total of 992,956 shares of company stock worth $47,481,779 in the last quarter. 22.25% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION WARNING: This article was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.chaffeybreeze.com/2018/02/15/catalyst-capital-advisors-llc-sells-1000-shares-of-ollies-bargain-outlet-holdings-inc-olli.html.
Ollie's Bargain Outlet 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.
Want to see what other hedge funds are holding OLLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ollie's Bargain Outlet Holdings Inc (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.