Swiss National Bank Acquires 3,400 Shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Swiss National Bank increased its holdings in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,100 shares of the company’s stock after buying an additional 3,400 shares during the period. Swiss National Bank’s holdings in Ollie’s Bargain Outlet were worth $8,286,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OLLI. Vanguard Group Inc increased its stake in Ollie’s Bargain Outlet by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 4,696,518 shares of the company’s stock worth $451,335,000 after buying an additional 113,986 shares during the period. Bank of Montreal Can increased its stake in Ollie’s Bargain Outlet by 11.8% during the 4th quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock worth $136,000 after buying an additional 218 shares during the period. New York State Teachers Retirement System grew its holdings 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 worth $855,000 after acquiring an additional 198 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Ollie’s Bargain Outlet by 20.6% during the 4th quarter. Advisors Asset Management Inc. now owns 31,135 shares of the company’s stock worth $2,071,000 after acquiring an additional 5,314 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Ollie’s Bargain Outlet by 64.8% during the 4th quarter. Rhumbline Advisers now owns 155,580 shares of the company’s stock worth $10,348,000 after acquiring an additional 61,147 shares in the last quarter. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

In other news, COO John W. Swygert sold 1,691 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $79.61, for a total value of $134,620.51. Following the completion of the transaction, the chief operating officer now owns 32,290 shares in the company, valued at approximately $2,570,606.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jay Stasz sold 12,500 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were 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 of the company’s stock, valued at approximately $2,175,785. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,979 shares of company stock valued at $8,493,117. Company insiders own 16.36% of the company’s stock.

Shares of Ollie’s Bargain Outlet stock opened at $93.89 on Friday. Ollie’s Bargain Outlet Holdings Inc has a 12-month low of $59.72 and a 12-month high of $103.03. The company has a quick ratio of 0.31, a current ratio of 1.86 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $5.96 billion, a PE ratio of 51.31, a P/E/G ratio of 1.97 and a beta of 0.94.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, June 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. Ollie’s Bargain Outlet had a net margin of 11.10% and a return on equity of 13.49%. The business had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $319.24 million. During the same quarter in the prior year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 2.16 earnings per share for the current year.

Several research firms have commented on OLLI. Zacks Investment Research cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a report on Tuesday, June 4th. BidaskClub cut shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Monday. Morgan Stanley set a $89.00 price target on shares of Ollie’s Bargain Outlet and gave the stock a “hold” rating in a report on Tuesday. Dougherty & Co began coverage on shares of Ollie’s Bargain Outlet in a report on Thursday, May 23rd. They set a “buy” rating and a $115.00 price target for the company. Finally, Credit Suisse Group boosted their price target on shares of Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Ollie’s Bargain Outlet currently has a consensus rating of “Buy” and a consensus target price of $93.79.

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

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