Prudential Financial Inc. lowered its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 37.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 81,440 shares of the company’s stock after selling 49,690 shares during the period. Prudential Financial Inc. owned about 0.13% of Ollie’s Bargain Outlet worth $3,779,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Ollie’s Bargain Outlet by 17.3% during the 2nd quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock valued at $241,093,000 after buying an additional 832,667 shares during the period. Vanguard Group Inc. boosted its position in Ollie’s Bargain Outlet by 4.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,339,008 shares of the company’s stock valued at $184,842,000 after buying an additional 195,242 shares during the period. Wasatch Advisors Inc. boosted its position in Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock valued at $133,625,000 after buying an additional 37,517 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in Ollie’s Bargain Outlet by 27.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,150,502 shares of the company’s stock valued at $91,611,000 after buying an additional 464,939 shares during the period. Finally, Eagle Asset Management Inc. boosted its position in Ollie’s Bargain Outlet by 3.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,939,350 shares of the company’s stock valued at $82,616,000 after buying an additional 58,482 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on OLLI shares. Bank of America reissued a “buy” rating and set a $52.00 price target on shares of Ollie’s Bargain Outlet in a research report on Tuesday, September 5th. Jefferies Group reissued a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, August 31st. Zacks Investment Research raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Wednesday, August 30th. BidaskClub cut shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, KeyCorp reissued a “buy” rating and set a $50.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Ollie’s Bargain Outlet presently has a consensus rating of “Hold” and an average target price of $46.92.

Shares of Ollie’s Bargain Outlet Holdings, Inc. (OLLI) traded up $0.10 during midday trading on Friday, reaching $47.45. 422,000 shares of the company were exchanged, compared to its average volume of 588,964. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $27.75 and a one year high of $48.10. The stock has a market cap of $2,910.00 and a PE ratio of 43.61. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 2.80.

Ollie’s Bargain Outlet (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 had a net margin of 7.60% and a return on equity of 10.44%. 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’s revenue was up 20.5% on a year-over-year basis. research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 1.19 earnings per share for the current year.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 140,865 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $47.09, for a total transaction of $6,633,332.85. Following the completion of the sale, the chief executive officer now directly owns 4,245,437 shares in the company, valued at approximately $199,917,628.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Mark L. Butler sold 110,059 shares of the firm’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 sale, the chief executive officer now owns 4,770,421 shares of the company’s stock, valued at $219,534,774.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,242,633 shares of company stock valued at $57,751,073. 22.25% of the stock is currently owned by corporate insiders.

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Ollie’s Bargain Outlet 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 (NASDAQ:OLLI)

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