Fox Run Management L.L.C. Invests $313,000 in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Fox Run Management L.L.C. purchased a new stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,597 shares of the company’s stock, valued at approximately $313,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dorsey Wright & Associates purchased a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at $2,759,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 0.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,035,186 shares of the company’s stock worth $173,663,000 after acquiring an additional 5,286 shares during the period. Amalgamated Bank grew its stake in shares of Ollie’s Bargain Outlet by 129.4% during the 4th quarter. Amalgamated Bank now owns 7,819 shares of the company’s stock worth $520,000 after acquiring an additional 4,410 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of Ollie’s Bargain Outlet by 331.9% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 15,828 shares of the company’s stock worth $1,351,000 after acquiring an additional 12,163 shares during the period. Finally, Mason Street Advisors LLC grew its stake in shares of Ollie’s Bargain Outlet by 1.5% during the 1st quarter. Mason Street Advisors LLC now owns 27,419 shares of the company’s stock worth $2,340,000 after acquiring an additional 410 shares during the period. 90.51% of the stock is owned by institutional investors and hedge funds.

In other Ollie’s Bargain Outlet news, SVP Omar Segura sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $87.45, for a total value of $874,500.00. Following the completion of the transaction, the senior vice president now owns 10,000 shares in the company, valued at approximately $874,500. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kenneth Robert Bertram sold 8,525 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $95.30, for a total value of $812,432.50. Following the completion of the transaction, the vice president now owns 18,967 shares of the company’s stock, valued at approximately $1,807,555.10. The disclosure for this sale can be found here. 16.36% of the stock is owned by company insiders.

OLLI stock opened at $82.49 on Wednesday. Ollie’s Bargain Outlet Holdings Inc has a fifty-two week low of $59.72 and a fifty-two week high of $103.03. The business’s fifty day moving average price is $88.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.86 and a quick ratio of 0.31. The company has a market cap of $5.64 billion, a P/E ratio of 45.08, a price-to-earnings-growth ratio of 1.86 and a beta of 0.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, June 6th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Ollie’s Bargain Outlet had a return on equity of 13.49% and a net margin of 11.10%. The business had revenue of $324.90 million during the quarter, compared to the consensus estimate of $319.24 million. During the same quarter last year, the company earned $0.41 EPS. The firm’s revenue was up 17.8% compared to the same quarter last year. On average, analysts predict that Ollie’s Bargain Outlet Holdings Inc will post 2.16 EPS for the current fiscal year.

Several research firms have recently weighed in on OLLI. Dougherty & Co began coverage on Ollie’s Bargain Outlet in a research note on Thursday, May 23rd. They set a “buy” rating and a $115.00 price target for the company. Credit Suisse Group set a €19.00 ($22.09) price target on K&S and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Wednesday. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Finally, Zacks Investment Research upgraded Investar from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, June 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $95.23.

About Ollie’s Bargain Outlet

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: Outstanding Shares and The Effect on Share Price

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

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