Ollie’s Bargain Outlet Holdings Inc (OLLI) Stake Increased by Victory Capital Management Inc.

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Victory Capital Management Inc. grew its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 13.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 472,774 shares of the company’s stock after acquiring an additional 56,382 shares during the quarter. Victory Capital Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $45,433,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in OLLI. OppenheimerFunds Inc. lifted its position in shares of Ollie’s Bargain Outlet by 43.0% during the 2nd quarter. OppenheimerFunds Inc. now owns 1,034,182 shares of the company’s stock worth $74,978,000 after buying an additional 310,828 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ollie’s Bargain Outlet by 7.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 887,390 shares of the company’s stock worth $64,337,000 after buying an additional 64,437 shares during the last quarter. Fred Alger Management Inc. lifted its position in shares of Ollie’s Bargain Outlet by 15.9% during the 2nd quarter. Fred Alger Management Inc. now owns 838,382 shares of the company’s stock worth $60,783,000 after buying an additional 114,899 shares during the last quarter. Northern Trust Corp lifted its position in shares of Ollie’s Bargain Outlet by 28.9% during the 2nd quarter. Northern Trust Corp now owns 754,094 shares of the company’s stock worth $54,672,000 after buying an additional 169,298 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Ollie’s Bargain Outlet by 5.6% during the 2nd quarter. Janus Henderson Group PLC now owns 581,054 shares of the company’s stock worth $42,126,000 after buying an additional 30,755 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

OLLI has been the subject of several recent analyst reports. Morgan Stanley upped their price objective on Ollie’s Bargain Outlet from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 17th. BidaskClub upgraded Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 20th. Bank of America upgraded Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a research report on Monday, August 20th. Piper Jaffray Companies restated an “overweight” rating and set a $99.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Tuesday, August 28th. Finally, Zacks Investment Research downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $88.25.

Ollie’s Bargain Outlet stock opened at $91.28 on Friday. The company has a quick ratio of 0.31, a current ratio of 2.51 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 59.56, a PEG ratio of 2.09 and a beta of 0.37. Ollie’s Bargain Outlet Holdings Inc has a 12 month low of $42.36 and a 12 month high of $97.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $288.10 million during the quarter, compared to the consensus estimate of $284.19 million. Ollie’s Bargain Outlet had a return on equity of 12.48% and a net margin of 12.88%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. On average, research analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 1.75 EPS for the current year.

In other news, CEO Mark L. Butler sold 90,000 shares of the stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $94.49, for a total value of $8,504,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kenneth Robert Bertram sold 6,750 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $78.99, for a total value of $533,182.50. Following the completion of the sale, the vice president now directly owns 17,217 shares of the company’s stock, valued at approximately $1,359,970.83. The disclosure for this sale can be found here. Insiders sold 402,087 shares of company stock valued at $36,324,903 over the last quarter. Corporate insiders own 20.27% of the company’s stock.

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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.

Featured Story: Stock Symbols and CUSIP Explained

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

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