Ollie’s Bargain Outlet Holdings Inc (OLLI) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 14.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,389 shares of the company’s stock after purchasing an additional 19,534 shares during the quarter. Deutsche Bank AG’s holdings in Ollie’s Bargain Outlet were worth $10,134,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. First Bank & Trust purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at about $32,000. Rehmann Capital Advisory Group raised its position in Ollie’s Bargain Outlet by 796.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,883 shares of the company’s stock worth $125,000 after purchasing an additional 1,673 shares during the period. Bank of Montreal Can raised its position in Ollie’s Bargain Outlet by 11.8% in the 4th quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock worth $136,000 after purchasing an additional 218 shares during the period. First Mercantile Trust Co. purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter worth about $147,000. Finally, Glenmede Trust Co. NA raised its position in Ollie’s Bargain Outlet by 92.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,897 shares of the company’s stock worth $181,000 after purchasing an additional 913 shares during the period. Institutional investors and hedge funds own 89.46% of the company’s stock.

Shares of OLLI stock opened at $92.72 on Thursday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 50.67, a P/E/G ratio of 1.83 and a beta of 0.99. Ollie’s Bargain Outlet Holdings Inc has a one year low of $59.72 and a one year high of $97.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, March 26th. The company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.01. The business had revenue of $393.93 million for the quarter, compared to the consensus estimate of $398.13 million. Ollie’s Bargain Outlet had a net margin of 10.88% and a return on equity of 13.71%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 2.16 earnings per share for the current fiscal year.

In other news, COO John W. Swygert sold 50,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $79.23, for a total transaction of $3,961,500.00. Following the transaction, the chief operating officer now directly owns 52,349 shares in the company, valued at $4,147,611.27. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kevin Mclain sold 14,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $89.20, for a total transaction of $1,248,800.00. Following the transaction, the senior vice president now owns 14,000 shares in the company, valued at $1,248,800. The disclosure for this sale can be found here. Insiders sold a total of 318,288 shares of company stock worth $25,884,568 over the last 90 days. Insiders own 20.27% of the company’s stock.

A number of 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 research report on Monday, January 7th. Bank of America reissued a “buy” rating and issued a $87.00 price objective (down from $98.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday, January 9th. Morgan Stanley reduced their price objective on shares of Ollie’s Bargain Outlet from $82.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Monday, January 7th. Finally, Zacks Investment Research lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $89.40.

COPYRIGHT VIOLATION WARNING: “Ollie’s Bargain Outlet Holdings Inc (OLLI) Shares Bought by Deutsche Bank AG” was originally reported by WKRB News and is the property of of WKRB News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.wkrb13.com/2019/04/18/ollies-bargain-outlet-holdings-inc-olli-shares-bought-by-deutsche-bank-ag.html.

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, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

Further Reading: What is the Gross Domestic Product (GDP)?

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)

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.