Wasatch Advisors Inc. Has $133.63 Million Stake in Ollie’s Bargain Outlet Holdings, Inc. (OLLI)

Wasatch Advisors Inc. grew its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,136,746 shares of the company’s stock after acquiring an additional 37,517 shares during the period. Ollie’s Bargain Outlet Holdings comprises 1.9% of Wasatch Advisors Inc.’s portfolio, making the stock its 11th largest holding. Wasatch Advisors Inc. owned 5.13% of Ollie’s Bargain Outlet Holdings worth $133,625,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. FMR LLC boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 22.3% in the first quarter. FMR LLC now owns 6,550,250 shares of the company’s stock valued at $219,433,000 after acquiring an additional 1,195,337 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 17.3% in the second quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock valued at $241,093,000 after acquiring an additional 832,667 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,339,008 shares of the company’s stock valued at $184,842,000 after acquiring an additional 195,242 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 27.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,150,502 shares of the company’s stock valued at $91,611,000 after acquiring an additional 464,939 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 3.1% in the second quarter. Eagle Asset Management Inc. now owns 1,939,350 shares of the company’s stock valued at $82,616,000 after acquiring an additional 58,482 shares in the last quarter. 92.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ollie’s Bargain Outlet Holdings, Inc. (OLLI) traded up 0.22% during mid-day trading on Friday, hitting $45.30. 225,507 shares of the company traded hands. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 39.05 and a beta of 0.21. The firm has a 50-day moving average price of $45.69 and a 200 day moving average price of $45.69. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $25.65 and a 52-week high of $46.90.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The company’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post $1.19 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/14/wasatch-advisors-inc-has-133-63-million-stake-in-ollies-bargain-outlet-holdings-inc-olli.html.

In related news, CEO Mark L. Butler sold 5,938 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $46.00, for a total value of $273,148.00. Following the completion of the transaction, the chief executive officer now owns 4,509,395 shares in the company, valued at approximately $207,432,170. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth Robert Bertram sold 6,000 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $43.25, for a total transaction of $259,500.00. Following the completion of the transaction, the vice president now owns 6,000 shares of the company’s stock, valued at approximately $259,500. The disclosure for this sale can be found here. Insiders sold a total of 1,156,604 shares of company stock valued at $52,810,309 in the last quarter. 22.25% of the stock is currently owned by insiders.

Several analysts have recently weighed in on the stock. Bank of America Corporation reaffirmed a “buy” rating and issued a $52.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Tuesday, September 5th. Zacks Investment Research raised shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, August 30th. BidaskClub raised shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 5th. Royal Bank Of Canada lifted their target price on shares of Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, August 30th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $48.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Wednesday, August 23rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $47.30.

Ollie’s Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

Receive News & Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply