Karp Capital Management Corp Invests $221,000 in Ollie’s Bargain Outlet Holdings, Inc. (OLLI)

Karp Capital Management Corp bought a new stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the first quarter, Holdings Channel reports. The fund bought 6,609 shares of the company’s stock, valued at approximately $221,000.

Other large investors have also recently modified their holdings of the company. Flinton Capital Management LLC boosted its stake 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 valued at $101,000 after buying an additional 680 shares in the last quarter. LS Investment Advisors LLC boosted its stake 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. bought a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter worth $153,000. State of Alaska Department of Revenue boosted its stake 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. Finally, 361 Capital LLC bought a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter worth $214,000. Institutional investors and hedge funds own 95.21% of the company’s stock.

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ OLLI) opened at 42.60 on Monday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $24.00 and a 52 week high of $44.08. The stock has a market capitalization of $2.60 billion, a PE ratio of 40.19 and a beta of 0.14. The company’s 50 day moving average price is $41.07 and its 200-day moving average price is $34.72.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, May 31st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The company had revenue of $227.60 million during the quarter, compared to the consensus estimate of $220.56 million. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. Ollie’s Bargain Outlet Holdings’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 EPS. Equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 EPS for the current year.

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A number of brokerages recently weighed in on OLLI. BidaskClub upgraded Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. Credit Suisse Group restated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a research note on Sunday, June 4th. Jefferies Group LLC restated a “buy” rating and set a $37.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Wednesday, March 29th. Piper Jaffray Companies set a $48.00 price objective on Ollie’s Bargain Outlet Holdings and gave the stock a “buy” rating in a research note on Thursday, June 1st. Finally, Royal Bank of Canada upped their price objective on Ollie’s Bargain Outlet Holdings from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 29th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $39.60.

In other Ollie’s Bargain Outlet Holdings news, SVP Kevin Mclain sold 20,000 shares of Ollie’s Bargain Outlet Holdings stock in a transaction dated 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 sale, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $861,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Howard Freedman sold 30,000 shares of Ollie’s Bargain Outlet Holdings stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $36.28, for a total value of $1,088,400.00. Following the sale, the vice president now directly owns 60,180 shares of the company’s stock, valued at $2,183,330.40. The disclosure for this sale can be found here. Insiders have sold a total of 60,500 shares of company stock valued at $2,398,905 over the last ninety days. 22.25% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Holdings 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).

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

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