Nuveen Asset Management LLC Has $20.93 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)


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Nuveen Asset Management LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 26.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 256,016 shares of the company’s stock after acquiring an additional 52,874 shares during the period. Nuveen Asset Management LLC owned about 0.39% of Ollie’s Bargain Outlet worth $20,934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Ollie’s Bargain Outlet by 2.7% in the 4th quarter. BlackRock Inc. now owns 4,880,758 shares of the company’s stock worth $399,101,000 after purchasing an additional 127,576 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Ollie’s Bargain Outlet by 1.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,835,284 shares of the company’s stock worth $395,381,000 after buying an additional 53,169 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Ollie’s Bargain Outlet by 0.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,193,820 shares of the company’s stock worth $97,620,000 after buying an additional 9,085 shares in the last quarter. Riverbridge Partners LLC grew its holdings in shares of Ollie’s Bargain Outlet by 7.0% during the fourth quarter. Riverbridge Partners LLC now owns 1,079,515 shares of the company’s stock worth $88,272,000 after buying an additional 70,926 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Ollie’s Bargain Outlet by 8.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,061,891 shares of the company’s stock valued at $86,832,000 after buying an additional 84,298 shares during the last quarter.

NASDAQ:OLLI opened at $86.56 on Thursday. The company has a market cap of $5.67 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.59 and a beta of 1.13. The firm’s fifty day moving average price is $88.51 and its two-hundred day moving average price is $89.08. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $50.84 and a one year high of $123.52.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, March 17th. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The business had revenue of $515.80 million during the quarter, compared to the consensus estimate of $487.74 million. Ollie’s Bargain Outlet had a net margin of 13.31% and a return on equity of 16.64%. Ollie’s Bargain Outlet’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 EPS. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.04 earnings per share for the current year.

Several equities analysts have recently weighed in on OLLI shares. JPMorgan Chase & Co. raised their price target on shares of Ollie’s Bargain Outlet from $105.00 to $109.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 16th. Royal Bank of Canada decreased their target price on shares of Ollie’s Bargain Outlet from $109.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, March 25th. Zacks Investment Research cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating and set a $96.00 price target on the stock. in a research report on Friday, January 8th. Craig Hallum raised their price objective on Ollie’s Bargain Outlet from $100.00 to $117.00 and gave the company a “buy” rating in a report on Thursday, March 25th. Finally, Piper Sandler upped their target price on Ollie’s Bargain Outlet from $94.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday, March 19th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $94.13.

In other news, SVP Kevin Mclain sold 6,964 shares of the business’s stock in a transaction dated Wednesday, January 27th. The shares were sold at an average price of $117.96, for a total value of $821,473.44. Following the completion of the sale, the senior vice president now owns 6,518 shares of the company’s stock, valued at $768,863.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John W. Swygert sold 3,502 shares of the company’s stock in a transaction dated Thursday, March 25th. The shares were sold at an average price of $84.37, for a total transaction of $295,463.74. Following the completion of the transaction, the chief executive officer now owns 27,259 shares in the company, valued at $2,299,841.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,409 shares of company stock worth $1,890,108. 16.36% of the stock is owned by corporate insiders.

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, 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.

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

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