Arizona State Retirement System boosted its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 5.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,505 shares of the company’s stock after purchasing an additional 1,876 shares during the quarter. Arizona State Retirement System owned approximately 0.06% of Ollie’s Bargain Outlet worth $3,508,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Norris Perne & French LLP MI acquired a new position in Ollie’s Bargain Outlet during the 3rd quarter valued at approximately $203,000. Zeke Capital Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $212,000. Verition Fund Management LLC acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $214,000. Alambic Investment Management L.P. acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $218,000. Finally, Advisors Preferred LLC acquired a new position in Ollie’s Bargain Outlet during the 3rd quarter worth $330,000. Institutional investors and hedge funds own 88.78% of the company’s stock.
In other news, CEO Mark L. Butler sold 90,000 shares of the business’s stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $94.49, for a total value of $8,504,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark L. Butler sold 60,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $89.89, for a total value of $5,393,400.00. The disclosure for this sale can be found here. Insiders sold a total of 402,087 shares of company stock worth $36,324,903 in the last three months. Company insiders own 20.27% of the company’s stock.
OLLI opened at $91.28 on Friday. Ollie’s Bargain Outlet Holdings Inc has a one year low of $42.36 and a one year high of $97.61. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 2.51. The firm has a market capitalization of $5.61 billion, a PE ratio of 73.02, a PEG ratio of 2.04 and a beta of 0.37.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.48% and a net margin of 12.88%. The company had revenue of $288.10 million for the quarter, compared to the consensus estimate of $284.19 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 1.75 EPS for the current year.
A number of research analysts have issued reports on OLLI shares. Morgan Stanley boosted their price target on Ollie’s Bargain Outlet from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 17th. BidaskClub upgraded Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 20th. Bank of America upgraded Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a research report on Monday, August 20th. Piper Jaffray Companies reiterated an “overweight” rating and set a $99.00 price target on shares of Ollie’s Bargain Outlet in a research report on Tuesday, August 28th. Finally, Zacks Investment Research lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $88.25.
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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, 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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