Ollie’s Bargain Outlet Holdings Inc (OLLI) Position Reduced by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL trimmed its position in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,400 shares of the company’s stock after selling 400 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Ollie’s Bargain Outlet were worth $1,143,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 0.8% during the 4th quarter. BlackRock Inc. now owns 5,775,289 shares of the company’s stock valued at $384,114,000 after acquiring an additional 47,644 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,696,518 shares of the company’s stock valued at $451,335,000 after acquiring an additional 113,986 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Ollie’s Bargain Outlet by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 4,696,518 shares of the company’s stock valued at $451,335,000 after acquiring an additional 113,986 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Ollie’s Bargain Outlet by 3.8% during the 4th quarter. Bank of New York Mellon Corp now owns 986,783 shares of the company’s stock valued at $65,631,000 after acquiring an additional 36,408 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Ollie’s Bargain Outlet by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 914,257 shares of the company’s stock valued at $87,861,000 after acquiring an additional 34,762 shares during the last quarter. 89.39% of the stock is currently owned by hedge funds and other institutional investors.

In other Ollie’s Bargain Outlet news, CFO Jay Stasz sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $95.00, for a total transaction of $1,187,500.00. Following the sale, the chief financial officer now owns 22,903 shares in the company, valued at approximately $2,175,785. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin Mclain sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $89.20, for a total transaction of $1,248,800.00. Following the sale, the senior vice president now owns 14,000 shares in the company, valued at approximately $1,248,800. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 330,788 shares of company stock worth $27,072,068. 20.27% of the stock is owned by company insiders.

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the company an “equal weight” rating in a report on Wednesday, March 27th. BidaskClub upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Zacks Investment Research cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Finally, Bank of America reiterated a “buy” rating and issued a $87.00 price objective (down previously from $98.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, January 9th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $89.40.

Shares of NASDAQ:OLLI opened at $96.25 on Friday. Ollie’s Bargain Outlet Holdings Inc has a twelve month low of $59.72 and a twelve month high of $97.97. The company has a market capitalization of $6.03 billion, a PE ratio of 52.60, a price-to-earnings-growth ratio of 1.88 and a beta of 1.02.

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

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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, 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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