Ollie’s Bargain Outlet Holdings Inc (OLLI) Shares Bought by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB increased its stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 18.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,702 shares of the company’s stock after purchasing an additional 1,800 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in Ollie’s Bargain Outlet were worth $778,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of OLLI. Capital World Investors lifted its holdings in Ollie’s Bargain Outlet by 61.7% in the third quarter. Capital World Investors now owns 1,317,892 shares of the company’s stock worth $126,649,000 after purchasing an additional 502,892 shares during the period. BlackRock Inc. lifted its holdings in Ollie’s Bargain Outlet by 4.7% in the third quarter. BlackRock Inc. now owns 5,727,645 shares of the company’s stock worth $550,427,000 after purchasing an additional 259,631 shares during the period. Federated Investors Inc. PA lifted its holdings in Ollie’s Bargain Outlet by 892.0% in the third quarter. Federated Investors Inc. PA now owns 251,783 shares of the company’s stock worth $24,196,000 after purchasing an additional 226,402 shares during the period. Marshall Wace LLP lifted its holdings in Ollie’s Bargain Outlet by 1,141.9% in the third quarter. Marshall Wace LLP now owns 157,565 shares of the company’s stock worth $15,142,000 after purchasing an additional 144,878 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Ollie’s Bargain Outlet by 196.5% in the third quarter. Prudential Financial Inc. now owns 185,686 shares of the company’s stock worth $17,845,000 after purchasing an additional 123,070 shares during the period. 92.38% of the stock is owned by institutional investors and hedge funds.

Shares of OLLI traded up $0.68 during mid-day trading on Monday, hitting $83.72. The company’s stock had a trading volume of 3,419 shares, compared to its average volume of 713,617. Ollie’s Bargain Outlet Holdings Inc has a one year low of $50.90 and a one year high of $97.61. The company has a current ratio of 2.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 66.89, a P/E/G ratio of 1.58 and a beta of 0.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 12.89%. The company had revenue of $283.60 million during the quarter, compared to analysts’ expectations of $278.62 million. During the same period in the prior year, the business earned $0.22 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 19.1% compared to the same quarter last year. Equities analysts predict that Ollie’s Bargain Outlet Holdings Inc will post 1.81 EPS for the current year.

In related news, CEO Mark L. Butler sold 95,337 shares of the company’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $80.49, for a total value of $7,673,675.13. Following the completion of the transaction, the chief executive officer now directly owns 2,528,742 shares in the company, valued at $203,538,443.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark L. Butler sold 24,663 shares of the company’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $80.69, for a total value of $1,990,057.47. Following the completion of the transaction, the chief executive officer now owns 2,584,079 shares of the company’s stock, valued at $208,509,334.51. The disclosure for this sale can be found here. Insiders sold 248,000 shares of company stock valued at $21,044,053 over the last three months. 20.27% of the stock is owned by company insiders.

Several equities research analysts recently weighed in on OLLI shares. BidaskClub raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a report on Monday, January 7th. ValuEngine downgraded shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 6th. Bank of America reissued a “buy” rating and issued a $87.00 price target (down from $98.00) on shares of Ollie’s Bargain Outlet in a report on Wednesday, January 9th. Morgan Stanley cut their price target on shares of Ollie’s Bargain Outlet from $82.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, January 7th. Finally, Royal Bank of Canada downgraded shares of Ollie’s Bargain Outlet from an “outperform” rating to a “sector perform” rating and set a $95.00 price target for the company. in a report on Monday, November 5th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $88.73.

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

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