Strs Ohio grew its position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 19.0% during the third quarter, HoldingsChannel.com reports. The firm owned 6,900 shares of the company’s stock after buying an additional 1,100 shares during the quarter. Strs Ohio’s holdings in Ollie’s Bargain Outlet were worth $663,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in OLLI. Zeke Capital Advisors LLC bought a new position in Ollie’s Bargain Outlet during the second quarter worth $212,000. Verition Fund Management LLC bought a new position in Ollie’s Bargain Outlet during the second quarter worth $214,000. Alambic Investment Management L.P. bought a new position in Ollie’s Bargain Outlet during the second quarter worth $218,000. Advisors Asset Management Inc. bought a new position in Ollie’s Bargain Outlet during the second quarter worth $1,257,000. Finally, Cubist Systematic Strategies LLC increased its position in Ollie’s Bargain Outlet by 132.3% during the second quarter. Cubist Systematic Strategies LLC now owns 3,600 shares of the company’s stock worth $261,000 after acquiring an additional 2,050 shares during the period. 88.78% of the stock is currently owned by institutional investors.
In other news, VP Kenneth Robert Bertram sold 6,750 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $78.99, for a total value of $533,182.50. Following the sale, the vice president now owns 17,217 shares in the company, valued at approximately $1,359,970.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $80.00, for a total transaction of $1,600,000.00. Following the completion of the sale, the senior vice president now owns 20,000 shares in the company, valued at approximately $1,600,000. The disclosure for this sale can be found here. Insiders sold a total of 402,087 shares of company stock worth $36,324,903 in the last 90 days. 20.27% of the stock is owned by corporate insiders.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The company had revenue of $288.10 million for the quarter, compared to the consensus estimate of $284.19 million. During the same quarter in the previous year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. Analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.75 EPS for the current fiscal year.
Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 3rd. Morgan Stanley boosted their price target on shares of Ollie’s Bargain Outlet from $63.00 to $69.00 and gave the company an “equal weight” rating in a report on Tuesday, July 17th. Zacks Investment Research raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Monday, September 10th. Buckingham Research boosted their price target on shares of Ollie’s Bargain Outlet from $75.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, September 6th. Finally, MKM Partners boosted their price target on shares of Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, September 5th. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Ollie’s Bargain Outlet has an average rating of “Buy” and a consensus target price of $88.25.
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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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