Victory Capital Management Inc. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 13.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 472,774 shares of the company’s stock after purchasing an additional 56,382 shares during the period. Victory Capital Management Inc. owned about 0.75% of Ollie’s Bargain Outlet worth $45,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC bought a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at approximately $287,000. Principal Financial Group Inc. lifted its stake in Ollie’s Bargain Outlet by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 411,158 shares of the company’s stock valued at $24,793,000 after acquiring an additional 11,451 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $609,000. Bank of Montreal Can lifted its stake in Ollie’s Bargain Outlet by 93.3% in the 2nd quarter. Bank of Montreal Can now owns 4,101 shares of the company’s stock valued at $298,000 after acquiring an additional 1,979 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $1,755,000. Institutional investors own 88.78% of the company’s stock.
OLLI stock opened at $91.28 on Friday. The company has a current ratio of 2.51, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The company has a market cap of $5.75 billion, a P/E ratio of 59.56, a price-to-earnings-growth ratio of 2.09 and a beta of 0.37. Ollie’s Bargain Outlet Holdings Inc has a 1-year low of $42.36 and a 1-year high of $97.61.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $288.10 million for the quarter, compared to analyst estimates of $284.19 million. Ollie’s Bargain Outlet had a return on equity of 12.48% and a net margin of 12.88%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. Equities analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 1.75 EPS for the current year.
Several equities research analysts have commented on OLLI shares. Bank of America upgraded Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a research note on Monday, August 20th. BidaskClub upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Zacks Investment Research upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Monday, September 10th. Morgan Stanley set a $75.00 target price on Ollie’s Bargain Outlet and gave the company an “equal weight” rating in a research note on Thursday, September 6th. Finally, Loop Capital boosted their target price on Ollie’s Bargain Outlet to $85.00 and gave the company a “hold” rating in a research note 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 stock. The company currently has an average rating of “Buy” and an average price target of $88.25.
In related news, CEO Mark L. Butler sold 90,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $94.49, for a total transaction of $8,504,100.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark L. Butler sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $89.38, for a total value of $5,362,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 402,087 shares of company stock worth $36,324,903 over the last three months. 20.27% of the stock is owned by insiders.
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Ollie’s Bargain Outlet Company 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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