Swiss National Bank Raises Holdings in Ollie’s Bargain Outlet Holdings Inc (OLLI)

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Swiss National Bank grew its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,200 shares of the company’s stock after acquiring an additional 6,000 shares during the period. Swiss National Bank owned 0.15% of Ollie’s Bargain Outlet worth $6,612,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Rhumbline Advisers grew its stake in Ollie’s Bargain Outlet by 2.6% in the 1st quarter. Rhumbline Advisers now owns 112,329 shares of the company’s stock valued at $6,773,000 after acquiring an additional 2,819 shares during the period. Comerica Bank grew its stake in Ollie’s Bargain Outlet by 2.7% in the 1st quarter. Comerica Bank now owns 51,777 shares of the company’s stock valued at $3,252,000 after acquiring an additional 1,370 shares during the period. Atria Investments LLC grew its stake in Ollie’s Bargain Outlet by 27.8% in the 1st quarter. Atria Investments LLC now owns 6,596 shares of the company’s stock valued at $398,000 after acquiring an additional 1,433 shares during the period. Victory Capital Management Inc. grew its stake in Ollie’s Bargain Outlet by 8.1% in the 1st quarter. Victory Capital Management Inc. now owns 557,278 shares of the company’s stock valued at $33,604,000 after acquiring an additional 41,736 shares during the period. Finally, Prudential Financial Inc. grew its stake in Ollie’s Bargain Outlet by 28.6% in the 1st quarter. Prudential Financial Inc. now owns 121,780 shares of the company’s stock valued at $7,343,000 after acquiring an additional 27,100 shares during the period. Hedge funds and other institutional investors own 89.04% of the company’s stock.

In other news, VP Kenneth Robert Bertram sold 7,500 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, June 13th. The stock was sold at an average price of $74.41, for a total transaction of $558,075.00. Following the transaction, the vice president now owns 25,708 shares in the company, valued at approximately $1,912,932.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kevin Mclain sold 20,000 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $88.03, for a total value of $1,760,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,985,490 shares of company stock worth $143,390,525. Insiders own 20.27% of the company’s stock.

Shares of OLLI stock opened at $87.95 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.25 and a current ratio of 2.18. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 57.47, a PEG ratio of 2.22 and a beta of 0.26. Ollie’s Bargain Outlet Holdings Inc has a fifty-two week low of $42.36 and a fifty-two week high of $89.85.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, September 5th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.80% and a net margin of 12.88%. The company had revenue of $288.10 million for the quarter, compared to analyst estimates of $284.19 million. During the same quarter last year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. sell-side analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.73 EPS for the current year.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Ollie’s Bargain Outlet to $95.00 and gave the company an “outperform” rating in a research note on Thursday. Stephens raised their price objective on Ollie’s Bargain Outlet from $70.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley set a $75.00 price objective on Ollie’s Bargain Outlet and gave the company an “equal weight” rating in a report on Thursday. Wells Fargo & Co restated a “market perform” rating and issued a $86.00 price objective (up previously from $68.00) on shares of Ollie’s Bargain Outlet in a report on Thursday. Finally, Buckingham Research raised their price objective on Ollie’s Bargain Outlet from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $84.06.

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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