Wasatch Advisors Inc. Buys 68,758 Shares of Ollie’s Bargain Outlet Holdings Inc (OLLI)

Wasatch Advisors Inc. raised its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 3.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 2,263,743 shares of the company’s stock after purchasing an additional 68,758 shares during the quarter. Ollie’s Bargain Outlet makes up approximately 2.1% of Wasatch Advisors Inc.’s portfolio, making the stock its 5th largest holding. Wasatch Advisors Inc.’s holdings in Ollie’s Bargain Outlet were worth $193,165,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of OLLI. 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 increased its position in shares of Ollie’s Bargain Outlet by 796.7% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,883 shares of the company’s stock valued at $125,000 after purchasing an additional 1,673 shares during the last quarter. Bank of Montreal Can increased its position in shares of Ollie’s Bargain Outlet by 11.8% during the 4th quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock valued at $136,000 after purchasing an additional 218 shares during the last quarter. First Mercantile Trust Co. purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at about $147,000. Finally, World Asset Management Inc purchased a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at about $204,000. Institutional investors and hedge funds own 91.34% of the company’s stock.

In other Ollie’s Bargain Outlet news, COO John W. Swygert sold 3,149 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $79.98, for a total value of $251,857.02. Following the completion of the transaction, the chief operating officer now directly owns 33,699 shares in the company, valued at approximately $2,695,246.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jay Stasz sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $95.00, for a total value of $1,187,500.00. Following the completion of the transaction, the chief financial officer now owns 22,903 shares of the company’s stock, valued at $2,175,785. The disclosure for this sale can be found here. Insiders sold a total of 231,451 shares of company stock valued at $19,056,713 over the last 90 days. 20.27% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet stock traded up $0.11 during midday trading on Wednesday, hitting $100.47. The stock had a trading volume of 4,222 shares, compared to its average volume of 833,495. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 54.98, a P/E/G ratio of 1.94 and a beta of 1.02. Ollie’s Bargain Outlet Holdings Inc has a 52-week low of $59.72 and a 52-week high of $101.18.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, March 26th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.01. The company had revenue of $393.93 million during the quarter, compared to analyst estimates of $398.13 million. Ollie’s Bargain Outlet had a net margin of 10.88% and a return on equity of 13.71%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. As a group, analysts predict that Ollie’s Bargain Outlet Holdings Inc will post 2.16 EPS for the current fiscal year.

Several equities research analysts have recently commented on OLLI shares. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 5th. Credit Suisse Group upped their price target on shares of Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. They noted that the move was a valuation call. 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. Finally, Morgan Stanley upped 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 research report on Wednesday, March 27th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $90.71.

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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, 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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