Arizona State Retirement System raised its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,200 shares of the company’s stock after buying an additional 300 shares during the period. Arizona State Retirement System’s holdings in Ollie’s Bargain Outlet Holdings were worth $1,074,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of OLLI. Teachers Advisors LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 32,999 shares of the company’s stock valued at $939,000 after buying an additional 828 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Ollie’s Bargain Outlet Holdings by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the company’s stock valued at $653,000 after buying an additional 400 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at approximately $235,000. State of Alaska Department of Revenue increased its stake in shares of Ollie’s Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock valued at $176,000 after buying an additional 150 shares during the last quarter. Finally, Profund Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at approximately $225,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.

Ollie’s Bargain Outlet Holdings, Inc. (OLLI) opened at 43.30 on Wednesday. The firm’s 50-day moving average price is $43.89 and its 200-day moving average price is $38.53. The company has a market cap of $2.65 billion, a PE ratio of 40.85 and a beta of 0.15. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $24.12 and a 12-month high of $46.08.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.25% and a return on equity of 10.11%. The company had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $242.85 million. During the same period last year, the company posted $0.21 EPS. Ollie’s Bargain Outlet Holdings’s revenue was up 20.5% on a year-over-year basis. Equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 earnings per share for the current fiscal year.

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OLLI has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $37.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, May 25th. MKM Partners cut Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a report on Tuesday, May 30th. Piper Jaffray Companies set a $48.00 target price on Ollie’s Bargain Outlet Holdings and gave the stock a “buy” rating in a report on Thursday, June 1st. Credit Suisse Group reiterated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a report on Sunday, June 4th. Finally, BidaskClub cut Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $44.20.

In related news, CEO Mark L. Butler sold 6,248 shares of Ollie’s Bargain Outlet Holdings stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $45.00, for a total transaction of $281,160.00. Following the completion of the transaction, the chief executive officer now directly owns 4,880,480 shares of the company’s stock, valued at approximately $219,621,600. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Kevin Mclain sold 20,000 shares of Ollie’s Bargain Outlet Holdings stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $43.05, for a total transaction of $861,000.00. Following the transaction, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at $861,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 500,481 shares of company stock valued at $22,522,840. 22.25% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

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