Legal & General Group Plc grew its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 27.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,937 shares of the company’s stock after purchasing an additional 19,529 shares during the quarter. Legal & General Group Plc owned approximately 0.15% of Ollie’s Bargain Outlet Holdings worth $3,911,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its position in shares of Ollie’s Bargain Outlet Holdings by 22.3% in the first quarter. FMR LLC now owns 6,550,250 shares of the company’s stock valued at $219,433,000 after purchasing an additional 1,195,337 shares during the last quarter. BlackRock Inc. grew its position in shares of Ollie’s Bargain Outlet Holdings by 213,381.5% in the first quarter. BlackRock Inc. now owns 4,826,816 shares of the company’s stock valued at $161,699,000 after purchasing an additional 4,824,555 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Ollie’s Bargain Outlet Holdings by 6.9% in the first quarter. Vanguard Group Inc. now owns 4,143,766 shares of the company’s stock valued at $138,816,000 after purchasing an additional 266,158 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Ollie’s Bargain Outlet Holdings by 0.7% in the first quarter. Alliancebernstein L.P. now owns 2,949,312 shares of the company’s stock valued at $98,802,000 after purchasing an additional 20,795 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Ollie’s Bargain Outlet Holdings by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 1,193,227 shares of the company’s stock valued at $50,832,000 after purchasing an additional 53,688 shares during the last quarter. Institutional investors and hedge funds own 92.47% of the company’s stock.

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) opened at 45.75 on Thursday. The company’s 50 day moving average is $45.47 and its 200 day moving average is $35.76. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $24.12 and a 52 week high of $46.00. The stock has a market cap of $2.80 billion, a P/E ratio of 39.44 and a beta of 0.17.

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

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In other news, CEO Mark L. Butler sold 285,623 shares of Ollie’s Bargain Outlet Holdings stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $45.19, for a total value of $12,907,303.37. Following the transaction, the chief executive officer now owns 5,038,224 shares of the company’s stock, valued at approximately $227,677,342.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Howard Freedman sold 14,658 shares of Ollie’s Bargain Outlet Holdings stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $45.15, for a total transaction of $661,808.70. Following the completion of the transaction, the vice president now directly owns 39,370 shares in the company, valued at approximately $1,777,555.50. The disclosure for this sale can be found here. Insiders sold a total of 469,981 shares of company stock worth $21,212,335 in the last ninety days. Corporate insiders own 22.25% of the company’s stock.

Several analysts have recently commented on OLLI shares. BidaskClub upgraded shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Thursday, August 24th. MKM Partners lowered shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research report on Tuesday, May 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, May 25th. Finally, TheStreet upgraded shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Ollie’s Bargain Outlet Holdings currently has an average rating of “Buy” and a consensus target price of $46.88.

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.

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

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