Ollie’s Bargain Outlet (OLLI) Holdings Boosted by Bamco Inc. NY

Bamco Inc. NY raised its holdings in Ollie’s Bargain Outlet (NASDAQ:OLLI) by 3.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 536,076 shares of the company’s stock after buying an additional 16,302 shares during the quarter. Bamco Inc. NY owned 0.86% of Ollie’s Bargain Outlet worth $32,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Swiss National Bank increased its holdings in shares of Ollie’s Bargain Outlet by 0.9% during the first quarter. Swiss National Bank now owns 85,200 shares of the company’s stock valued at $5,138,000 after acquiring an additional 800 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 0.4% during the first quarter. Hodges Capital Management Inc. now owns 212,770 shares of the company’s stock valued at $12,830,000 after acquiring an additional 940 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ollie’s Bargain Outlet by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock valued at $158,000 after acquiring an additional 992 shares in the last quarter. First Mercantile Trust Co. increased its holdings in shares of Ollie’s Bargain Outlet by 18.9% during the fourth quarter. First Mercantile Trust Co. now owns 6,254 shares of the company’s stock valued at $333,000 after acquiring an additional 994 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in shares of Ollie’s Bargain Outlet by 17.5% during the fourth quarter. Profund Advisors LLC now owns 7,429 shares of the company’s stock valued at $396,000 after acquiring an additional 1,107 shares in the last quarter. 89.36% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Howard Freedman sold 8,300 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $59.08, for a total transaction of $490,364.00. Following the completion of the sale, the vice president now owns 34,670 shares in the company, valued at $2,048,303.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO John W. Swygert sold 50,000 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $59.32, for a total value of $2,966,000.00. The disclosure for this sale can be found here. Insiders have sold 62,300 shares of company stock valued at $3,694,964 in the last quarter. 20.27% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently commented on OLLI shares. Royal Bank of Canada boosted their price objective on Ollie’s Bargain Outlet to $63.00 and gave the company an “outperform” rating in a report on Thursday, April 5th. Zacks Investment Research downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, March 8th. JPMorgan Chase boosted their price objective on Ollie’s Bargain Outlet from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, April 10th. KeyCorp boosted their price objective on Ollie’s Bargain Outlet from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 5th. Finally, Bank of America boosted their price objective on Ollie’s Bargain Outlet from $60.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ollie’s Bargain Outlet presently has an average rating of “Buy” and a consensus price target of $58.87.

Shares of Ollie’s Bargain Outlet opened at $70.00 on Friday, MarketBeat.com reports. Ollie’s Bargain Outlet has a 12-month low of $38.45 and a 12-month high of $70.75. The firm has a market cap of $4.34 billion, a P/E ratio of 56.00, a P/E/G ratio of 1.93 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 quarterly earnings results on Wednesday, April 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business 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 posted $0.39 earnings per share. Ollie’s Bargain Outlet’s revenue was up 25.9% compared to the same quarter last year. equities analysts anticipate that Ollie’s Bargain Outlet will post 1.68 EPS for the current year.

About Ollie’s Bargain Outlet

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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