State of Tennessee Treasury Department lowered its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 69.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,093 shares of the company’s stock after selling 96,990 shares during the quarter. State of Tennessee Treasury Department owned about 0.07% of Ollie’s Bargain Outlet Holdings worth $1,953,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in Ollie’s Bargain Outlet Holdings by 27.4% in the second quarter. Goldman Sachs Group Inc. now owns 208,271 shares of the company’s stock valued at $8,872,000 after buying an additional 44,743 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in shares of Ollie’s Bargain Outlet Holdings by 1.2% in the second quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock valued at $133,625,000 after purchasing an additional 37,517 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Ollie’s Bargain Outlet Holdings by 70.9% in the second quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock valued at $25,954,000 after purchasing an additional 252,781 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Ollie’s Bargain Outlet Holdings by 7.8% in the first quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock valued at $1,192,000 after purchasing an additional 2,578 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Ollie’s Bargain Outlet Holdings by 31.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 199,683 shares of the company’s stock valued at $8,507,000 after purchasing an additional 48,299 shares during the last quarter. 88.88% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently issued reports on OLLI. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price objective (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, August 31st. Stephens began coverage on shares of Ollie’s Bargain Outlet Holdings in a report on Tuesday, October 31st. They issued an “overweight” rating and a $53.00 price objective on the stock. Zacks Investment Research downgraded shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank Of Canada lifted their price objective on shares of Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, August 30th. Finally, Citigroup Inc. began coverage on shares of Ollie’s Bargain Outlet Holdings in a report on Friday. They set a “sell” rating and a $39.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Ollie’s Bargain Outlet Holdings currently has an average rating of “Hold” and an average target price of $46.92.

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ OLLI) opened at $46.00 on Monday. The company has a current ratio of 2.80, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $27.75 and a 52-week high of $46.90. The company has a market cap of $2,824.96, a price-to-earnings ratio of 42.59, a price-to-earnings-growth ratio of 1.99 and a beta of 0.16.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, August 29th. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The firm had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $242.85 million. During the same period in the previous year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 1.19 EPS for the current year.

In other news, CEO Mark L. Butler sold 6,248 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $45.00, for a total value of $281,160.00. Following the completion of the sale, the chief executive officer now owns 4,880,480 shares of the company’s stock, valued at $219,621,600. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark L. Butler sold 110,059 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $46.02, for a total transaction of $5,064,915.18. Following the completion of the sale, the chief executive officer now directly owns 4,770,421 shares of the company’s stock, valued at approximately $219,534,774.42. The disclosure for this sale can be found here. In the last three months, insiders sold 692,871 shares of company stock valued at $31,879,134. 22.25% of the stock is currently owned by company insiders.

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Ollie’s Bargain Outlet Holdings 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.

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

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