National Asset Management Inc. lowered its position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 28.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,464 shares of the company’s stock after selling 961 shares during the period. National Asset Management Inc.’s holdings in Ollie’s Bargain Outlet were worth $237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sapphire Star Partners LP grew its holdings in shares of Ollie’s Bargain Outlet by 5.0% in the 3rd quarter. Sapphire Star Partners LP now owns 11,528 shares of the company’s stock worth $1,108,000 after acquiring an additional 551 shares during the period. Louisiana State Employees Retirement System grew its holdings in Ollie’s Bargain Outlet by 4.4% during the 3rd quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock valued at $1,355,000 after buying an additional 600 shares during the last quarter. State Treasurer State of Michigan grew its holdings in Ollie’s Bargain Outlet by 3.3% during the 3rd quarter. State Treasurer State of Michigan now owns 19,000 shares of the company’s stock valued at $1,826,000 after buying an additional 600 shares during the last quarter. United Services Automobile Association grew its holdings in Ollie’s Bargain Outlet by 8.6% during the 2nd quarter. United Services Automobile Association now owns 8,072 shares of the company’s stock valued at $585,000 after buying an additional 640 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in Ollie’s Bargain Outlet by 8.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,636 shares of the company’s stock valued at $699,000 after buying an additional 767 shares during the last quarter. Institutional investors and hedge funds own 86.52% of the company’s stock.

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 20,000 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $84.00, for a total transaction of $1,680,000.00. Following the transaction, the senior vice president now owns 20,000 shares of the company’s stock, valued at approximately $1,680,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mark L. Butler sold 90,000 shares of the stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $94.49, for a total value of $8,504,100.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 397,337 shares of company stock worth $36,197,381. Corporate insiders own 20.27% of the company’s stock.

A number of equities research analysts have commented on the company. KeyCorp increased their target price on Ollie’s Bargain Outlet from $100.00 to $108.00 and gave the company a “positive” rating in a report on Monday, October 1st. Morgan Stanley set a $82.00 target price on Ollie’s Bargain Outlet and gave the company a “hold” rating in a report on Monday, October 22nd. BidaskClub upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Bank of America upgraded Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a report on Monday, August 20th. Finally, Credit Suisse Group increased their target price on Ollie’s Bargain Outlet from $92.00 to $96.00 and gave the company an “outperform” rating in a report on Thursday, September 6th. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $88.25.

Shares of Ollie’s Bargain Outlet stock opened at $82.46 on Wednesday. Ollie’s Bargain Outlet Holdings Inc has a fifty-two week low of $45.15 and a fifty-two week high of $97.61. The firm has a market cap of $5.56 billion, a price-to-earnings ratio of 57.60, a price-to-earnings-growth ratio of 2.02 and a beta of 0.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 2.51.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.48% and a net margin of 12.88%. The company had revenue of $288.10 million for the quarter, compared to analyst estimates of $284.19 million. During the same quarter in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.76 earnings per share for the current fiscal year.

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Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, 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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