Rhumbline Advisers lifted its stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 0.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 156,993 shares of the company’s stock after purchasing an additional 1,413 shares during the quarter. Rhumbline Advisers’ holdings in Ollie’s Bargain Outlet were worth $13,396,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System raised its stake in Ollie’s Bargain Outlet by 1.6% during the 4th quarter. New York State Teachers Retirement System now owns 12,861 shares of the company’s stock valued at $855,000 after purchasing an additional 198 shares during the period. Bank of Montreal Can increased its stake in Ollie’s Bargain Outlet by 11.8% in the 4th quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock worth $136,000 after acquiring an additional 218 shares during the last quarter. WINTON GROUP Ltd increased its stake in Ollie’s Bargain Outlet by 1.8% in the 4th quarter. WINTON GROUP Ltd now owns 12,190 shares of the company’s stock worth $811,000 after acquiring an additional 220 shares during the last quarter. Sapphire Star Partners LP increased its stake in Ollie’s Bargain Outlet by 2.1% in the 4th quarter. Sapphire Star Partners LP now owns 11,765 shares of the company’s stock worth $782,000 after acquiring an additional 237 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in Ollie’s Bargain Outlet by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 108,521 shares of the company’s stock worth $9,260,000 after acquiring an additional 275 shares during the last quarter. 91.34% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Jay Stasz sold 12,500 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $95.00, for a total transaction of $1,187,500.00. Following the completion of the transaction, the chief financial officer now owns 22,903 shares in the company, valued at approximately $2,175,785. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kenneth Robert Bertram sold 16,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $79.80, for a total value of $1,276,800.00. Following the transaction, the vice president now owns 21,717 shares of the company’s stock, valued at approximately $1,733,016.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 231,451 shares of company stock valued at $19,056,713. 20.27% of the stock is owned by company insiders.
Shares of Ollie’s Bargain Outlet stock opened at $99.26 on Thursday. The company has a market capitalization of $6.16 billion, a PE ratio of 54.24, a P/E/G ratio of 1.91 and a beta of 1.02. Ollie’s Bargain Outlet Holdings Inc has a one year low of $59.72 and a one year high of $101.18.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, March 26th. The company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.01. The firm had revenue of $393.93 million during the quarter, compared to analysts’ expectations of $398.13 million. Ollie’s Bargain Outlet had a return on equity of 13.71% and a net margin of 10.88%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 EPS. As a group, research analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 2.16 earnings per share for the current year.
A number of analysts have issued reports on OLLI shares. BidaskClub downgraded Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Credit Suisse Group lifted their price objective on Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the stock an “outperform” rating in a research note on Tuesday. They noted that the move was a valuation call. Finally, Morgan Stanley lifted their target price on Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $89.87.
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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.
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