Paloma Partners Management Co purchased a new position in shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 25,870 shares of the company’s stock, valued at approximately $1,378,000.
Other hedge funds also recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in Ollie's Bargain Outlet in the third quarter valued at approximately $597,000. BlackRock Inc. lifted its stake in Ollie's Bargain Outlet by 3.1% in the fourth quarter. BlackRock Inc. now owns 6,057,562 shares of the company’s stock valued at $322,567,000 after acquiring an additional 179,875 shares during the last quarter. First Trust Advisors LP lifted its stake in Ollie's Bargain Outlet by 52.1% in the third quarter. First Trust Advisors LP now owns 104,664 shares of the company’s stock valued at $4,856,000 after acquiring an additional 35,842 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new stake in Ollie's Bargain Outlet in the fourth quarter valued at approximately $2,315,000. Finally, Pinebridge Investments L.P. lifted its stake in Ollie's Bargain Outlet by 171.2% in the fourth quarter. Pinebridge Investments L.P. now owns 16,534 shares of the company’s stock valued at $880,000 after acquiring an additional 10,437 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
In other Ollie's Bargain Outlet news, VP Kenneth Robert Bertram sold 4,000 shares of Ollie's Bargain Outlet stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $59.65, for a total transaction of $238,600.00. Following the sale, the vice president now owns 7,958 shares in the company, valued at $474,694.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hendrickson sold 9,116 shares of Ollie's Bargain Outlet stock in a transaction on Friday, January 19th. The stock was sold at an average price of $55.76, for a total transaction of $508,308.16. Following the sale, the director now owns 1,233 shares in the company, valued at approximately $68,752.08. The disclosure for this sale can be found here. Insiders have sold 95,742 shares of company stock worth $5,567,718 in the last ninety days. 22.25% of the stock is currently owned by insiders.
Shares of NASDAQ:OLLI traded down $0.50 during trading on Friday, reaching $58.95. The stock had a trading volume of 1,211,641 shares, compared to its average volume of 744,050. Ollie's Bargain Outlet Holdings Inc has a 52 week low of $33.20 and a 52 week high of $62.05. The firm has a market cap of $3,666.87, a price-to-earnings ratio of 47.16, a P/E/G ratio of 1.50 and a beta of 0.14. The company has a quick ratio of 0.36, a current ratio of 2.22 and a debt-to-equity ratio of 0.05.
Ollie's Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, April 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Ollie's Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. The business had revenue of $356.70 million for the quarter, compared to analyst estimates of $349.93 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. Ollie's Bargain Outlet’s revenue was up 25.9% compared to the same quarter last year. research analysts predict that Ollie's Bargain Outlet Holdings Inc will post 1.67 EPS for the current fiscal year.
A number of research firms have issued reports on OLLI. Royal Bank of Canada lifted their target price on shares of Ollie's Bargain Outlet to $63.00 and gave the company an “outperform” rating in a research note on Thursday. MKM Partners set a $59.00 target price on shares of Ollie's Bargain Outlet and gave the company a “hold” rating in a research note on Wednesday, March 28th. KeyCorp lifted their target price on shares of Ollie's Bargain Outlet from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday. BidaskClub cut shares of Ollie's Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 10th. Finally, Piper Jaffray reissued a “buy” rating and issued a $71.00 price target on shares of Ollie's Bargain Outlet in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $55.92.
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Ollie's Bargain Outlet 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.
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