5,802 Shares in Ollie's Bargain Outlet Holdings Inc (OLLI) Acquired by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB purchased a new position in shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,802 shares of the company’s stock, valued at approximately $309,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OLLI. American International Group Inc. boosted its stake in shares of Ollie's Bargain Outlet by 6.0% during the 3rd quarter. American International Group Inc. now owns 37,894 shares of the company’s stock worth $1,758,000 after acquiring an additional 2,152 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Ollie's Bargain Outlet by 3.9% during the 3rd quarter. Legal & General Group Plc now owns 95,559 shares of the company’s stock worth $4,432,000 after acquiring an additional 3,622 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Ollie's Bargain Outlet by 6.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 213,364 shares of the company’s stock worth $9,901,000 after acquiring an additional 13,681 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Ollie's Bargain Outlet by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 913,221 shares of the company’s stock worth $42,372,000 after acquiring an additional 30,822 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of Ollie's Bargain Outlet by 45.0% during the 3rd quarter. Stifel Financial Corp now owns 15,378 shares of the company’s stock worth $720,000 after acquiring an additional 4,771 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

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Shares of NASDAQ:OLLI opened at $62.05 on Thursday. Ollie's Bargain Outlet Holdings Inc has a twelve month low of $33.22 and a twelve month high of $63.75. The company has a market cap of $3,732.21, a P/E ratio of 49.64, a price-to-earnings-growth ratio of 1.67 and a beta of 0.14. The company has a quick ratio of 0.35, 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 for the quarter, beating the consensus estimate of $0.49 by $0.02. Ollie's Bargain Outlet had a return on equity of 11.23% and a net margin of 11.85%. The firm had revenue of $356.70 million during the quarter, compared to the consensus estimate of $349.93 million. During the same quarter in the prior year, the company earned $0.39 EPS. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. equities research analysts forecast that Ollie's Bargain Outlet Holdings Inc will post 1.67 earnings per share for the current fiscal year.

Several research firms have recently issued reports on OLLI. BidaskClub downgraded Ollie's Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 10th. Royal Bank of Canada upped their price target on Ollie's Bargain Outlet to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, April 5th. MKM Partners set a $59.00 price target on Ollie's Bargain Outlet and gave the stock a “hold” rating in a research note on Wednesday, March 28th. KeyCorp upped their price target on Ollie's Bargain Outlet from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 5th. Finally, Bank of America increased their target price on Ollie's Bargain Outlet from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, March 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ollie's Bargain Outlet has a consensus rating of “Hold” and a consensus target price of $56.46.

In other Ollie's Bargain Outlet news, VP Kenneth Robert Bertram sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $59.65, for a total value of $238,600.00. Following the completion of the transaction, the vice president now owns 7,958 shares of the company’s stock, valued at approximately $474,694.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas Hendrickson sold 9,116 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $55.76, for a total value of $508,308.16. Following the completion of the transaction, the director now directly owns 1,233 shares of the company’s stock, valued at approximately $68,752.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,742 shares of company stock valued at $5,567,718. Insiders own 22.25% of the company’s stock.

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Ollie's Bargain Outlet 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.

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

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