King Luther Capital Management Corp decreased its position in shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 30.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 143,510 shares of the company’s stock after selling 62,245 shares during the period. King Luther Capital Management Corp owned about 0.23% of Ollie's Bargain Outlet worth $6,659,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Ollie's Bargain Outlet by 17.3% in the 2nd quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock worth $241,093,000 after purchasing an additional 832,667 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Ollie's Bargain Outlet by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,339,008 shares of the company’s stock worth $184,842,000 after purchasing an additional 195,242 shares in the last quarter. Wasatch Advisors Inc. boosted its position in shares of Ollie's Bargain Outlet by 1.2% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock worth $133,625,000 after purchasing an additional 37,517 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Ollie's Bargain Outlet by 22.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock worth $122,533,000 after purchasing an additional 490,295 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Ollie's Bargain Outlet by 3.1% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,939,350 shares of the company’s stock worth $82,616,000 after purchasing an additional 58,482 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

A number of analysts have recently commented on the company. Zacks Investment Research raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Thursday. BidaskClub raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a research report on Thursday. Jefferies Group boosted their price target on Ollie's Bargain Outlet to $57.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley assumed coverage on Ollie's Bargain Outlet in a research report on Monday, September 25th. They issued an “equal weight” rating and a $46.00 price target on the stock. Finally, KeyCorp reissued a “buy” rating and issued a $50.00 price target on shares of Ollie's Bargain Outlet in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.92.

In related news, VP Howard Freedman sold 11,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $48.50, for a total value of $557,750.00. Following the transaction, the vice president now directly owns 40,870 shares of the company’s stock, valued at approximately $1,982,195. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark L. Butler sold 110,059 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $46.02, for a total value of $5,064,915.18. Following the completion of the transaction, the chief executive officer now directly owns 4,770,421 shares in the company, valued at $219,534,774.42. The disclosure for this sale can be found here. Insiders sold a total of 1,610,463 shares of company stock worth $75,439,445 over the last ninety days. 22.25% of the stock is currently owned by insiders.

Ollie's Bargain Outlet Holdings Inc (OLLI) opened at $51.00 on Thursday. The stock has a market capitalization of $3,113.60, a P/E ratio of 46.94, a P/E/G ratio of 2.10 and a beta of 0.18. Ollie's Bargain Outlet Holdings Inc has a 12-month low of $27.75 and a 12-month high of $51.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.80 and a quick ratio of 0.29.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $233.77 million. Ollie's Bargain Outlet had a return on equity of 10.44% and a net margin of 7.60%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. equities analysts anticipate that Ollie's Bargain Outlet Holdings Inc will post 1.2 earnings per share for the current fiscal year.

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Ollie's Bargain Outlet 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 (NASDAQ:OLLI)

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