Massachusetts Financial Services Co. MA Sells 40,052 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Massachusetts Financial Services Co. MA lessened its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 11.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 323,798 shares of the company's stock after selling 40,052 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.53% of Ollie's Bargain Outlet worth $31,473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneva Capital Management LLC increased its holdings in shares of Ollie's Bargain Outlet by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company's stock worth $102,106,000 after acquiring an additional 13,369 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Ollie's Bargain Outlet by 5.6% in the second quarter. American Century Companies Inc. now owns 780,064 shares of the company's stock valued at $76,579,000 after purchasing an additional 41,605 shares during the last quarter. Congress Asset Management Co. raised its position in shares of Ollie's Bargain Outlet by 12.1% in the third quarter. Congress Asset Management Co. now owns 680,590 shares of the company's stock valued at $66,153,000 after purchasing an additional 73,396 shares during the period. D. E. Shaw & Co. Inc. lifted its stake in shares of Ollie's Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company's stock worth $55,637,000 after buying an additional 512,928 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of Ollie's Bargain Outlet by 199.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company's stock worth $54,981,000 after buying an additional 372,914 shares during the period.

Analysts Set New Price Targets

OLLI has been the topic of several research analyst reports. Loop Capital reissued a "buy" rating and issued a $110.00 price target on shares of Ollie's Bargain Outlet in a report on Friday, September 20th. Gordon Haskett upgraded Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and increased their target price for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. reduced their price target on Ollie's Bargain Outlet from $113.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday, August 30th. Bank of America increased their price objective on Ollie's Bargain Outlet from $102.00 to $115.00 and gave the stock a "buy" rating in a research report on Monday, September 30th. Finally, Royal Bank of Canada boosted their target price 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $104.92.

Ollie's Bargain Outlet Stock Up 0.3 %

Shares of OLLI stock traded up $0.32 during trading hours on Tuesday, reaching $100.90. The company's stock had a trading volume of 937,809 shares, compared to its average volume of 1,029,358. 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 50 day simple moving average is $94.82 and its 200-day simple moving average is $92.65. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 30.24, a PEG ratio of 2.35 and a beta of 0.84.

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

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of Ollie's Bargain Outlet stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the transaction, the senior vice president now directly owns 10,610 shares of the company's stock, valued at $1,050,283.90. The trade was a 58.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the company's stock in a transaction dated 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 directly owns 2,021 shares of the company's stock, valued at $191,348.28. The trade was a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,912 shares of company stock valued at $2,875,790. 0.87% of the stock is currently owned by company insiders.

About Ollie's Bargain Outlet

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.