3,262 Shares in Ollie’s Bargain Outlet Holdings Inc (OLLI) Purchased by Rafferty Asset Management LLC

Rafferty Asset Management LLC bought a new position in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 3,262 shares of the company’s stock, valued at approximately $313,000.

Several other institutional investors have also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd increased its position in Ollie’s Bargain Outlet by 290.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,568 shares of the company’s stock valued at $151,000 after acquiring an additional 1,166 shares in the last quarter. Parallel Advisors LLC increased its position in Ollie’s Bargain Outlet by 414.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock valued at $168,000 after acquiring an additional 1,410 shares in the last quarter. Norris Perne & French LLP MI acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at about $203,000. Verition Fund Management LLC acquired a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at about $214,000. Finally, CIBC Asset Management Inc acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at about $216,000. Institutional investors and hedge funds own 90.73% of the company’s stock.

Shares of NASDAQ OLLI opened at $86.83 on Wednesday. The stock has a market capitalization of $5.56 billion, a PE ratio of 69.46, a price-to-earnings-growth ratio of 2.08 and a beta of 0.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 2.51. Ollie’s Bargain Outlet Holdings Inc has a 1 year low of $47.76 and a 1 year high of $97.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $283.60 million for the quarter, compared to analyst estimates of $278.62 million. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. Analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.76 EPS for the current year.

In other Ollie’s Bargain Outlet news, CFO Jay Stasz sold 5,337 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $91.16, for a total value of $486,520.92. Following the transaction, the chief financial officer now owns 12,733 shares of the company’s stock, valued at $1,160,740.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kenneth Robert Bertram sold 9,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $91.32, for a total transaction of $821,880.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 405,337 shares of company stock worth $37,021,101. Insiders own 20.27% of the company’s stock.

Several equities research analysts have weighed in on OLLI shares. ValuEngine upgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 7th. Morgan Stanley set a $75.00 price objective on shares of Ollie’s Bargain Outlet and gave the company an “equal weight” rating in a research report on Thursday, September 6th. MKM Partners raised their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, September 5th. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Monday, September 10th. Finally, BidaskClub lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 14th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $88.25.

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Ollie’s Bargain Outlet Company 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, 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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Want to see what other hedge funds are holding OLLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI).

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

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