Ollie's Bargain Outlet Holdings Inc (OLLI) Shares Bought by Strs Ohio

Strs Ohio increased its position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 19.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,900 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. Strs Ohio’s holdings in Ollie’s Bargain Outlet were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC purchased a new position in shares of Ollie’s Bargain Outlet in the first quarter worth approximately $287,000. Principal Financial Group Inc. increased its position in shares of Ollie’s Bargain Outlet by 2.9% in the first quarter. Principal Financial Group Inc. now owns 411,158 shares of the company’s stock worth $24,793,000 after acquiring an additional 11,451 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter worth approximately $609,000. Bank of Montreal Can increased its position in shares of Ollie’s Bargain Outlet by 93.3% in the second quarter. Bank of Montreal Can now owns 4,101 shares of the company’s stock worth $298,000 after acquiring an additional 1,979 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter worth approximately $1,755,000. Institutional investors own 88.78% of the company’s stock.

OLLI stock opened at $92.75 on Friday. The company has a quick ratio of 0.31, a current ratio of 2.51 and a debt-to-equity ratio of 0.01. The company has a market cap of $5.61 billion, a P/E ratio of 58.11, a P/E/G ratio of 2.04 and a beta of 0.37. Ollie’s Bargain Outlet Holdings Inc has a 52 week low of $42.36 and a 52 week high of $97.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $288.10 million during the quarter, compared to analysts’ expectations of $284.19 million. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 1.75 earnings per share for the current year.

Several research analysts have recently weighed in on OLLI shares. Bank of America raised shares of Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a research report on Monday, August 20th. BidaskClub upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Monday, September 10th. Morgan Stanley set a $75.00 price target on shares of Ollie’s Bargain Outlet and gave the stock an “equal weight” rating in a report on Thursday, September 6th. Finally, Loop Capital raised their price target on shares of Ollie’s Bargain Outlet to $85.00 and gave the stock a “hold” rating in a report on Friday, September 7th. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $88.25.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 90,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $91.24, for a total value of $8,211,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,810,242 shares in the company, valued at $256,406,480.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark L. Butler sold 60,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $89.89, for a total transaction of $5,393,400.00. The disclosure for this sale can be found here. Insiders sold 402,087 shares of company stock valued at $36,324,903 over the last quarter. Corporate insiders own 20.27% of the company’s stock.

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Ollie’s Bargain Outlet Profile

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

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