Avalon Advisors LLC grew its stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 32,581 shares of the company’s stock after purchasing an additional 1,234 shares during the quarter. Avalon Advisors LLC’s holdings in Ollie’s Bargain Outlet were worth $2,167,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 0.8% in the fourth quarter. BlackRock Inc. now owns 5,775,289 shares of the company’s stock worth $384,114,000 after buying an additional 47,644 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 2.5% in the third quarter. Vanguard Group Inc. now owns 4,696,518 shares of the company’s stock worth $451,335,000 after buying an additional 113,986 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Ollie’s Bargain Outlet by 2.5% in the third quarter. Vanguard Group Inc now owns 4,696,518 shares of the company’s stock worth $451,335,000 after buying an additional 113,986 shares in the last quarter. Capital World Investors lifted its stake in shares of Ollie’s Bargain Outlet by 61.7% in the third quarter. Capital World Investors now owns 1,317,892 shares of the company’s stock worth $126,649,000 after buying an additional 502,892 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Ollie’s Bargain Outlet by 3.8% in the fourth quarter. Bank of New York Mellon Corp now owns 986,783 shares of the company’s stock worth $65,631,000 after buying an additional 36,408 shares in the last quarter. Institutional investors and hedge funds own 89.54% of the company’s stock.

Shares of OLLI stock opened at $79.46 on Friday. The company has a current ratio of 2.03, a quick ratio of 0.07 and a debt-to-equity ratio of 0.01. Ollie’s Bargain Outlet Holdings Inc has a 12 month low of $54.70 and a 12 month high of $97.61. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 63.57, a PEG ratio of 1.49 and a beta of 1.01.

In other Ollie’s Bargain Outlet news, VP Kenneth Robert Bertram sold 16,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $79.80, for a total transaction of $1,276,800.00. Following the transaction, the vice president now directly owns 21,717 shares of the company’s stock, valued at $1,733,016.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark L. Butler sold 24,663 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, January 11th. The stock was sold at an average price of $80.69, for a total transaction of $1,990,057.47. Following the transaction, the chief executive officer now directly owns 2,584,079 shares in the company, valued at $208,509,334.51. The disclosure for this sale can be found here. Insiders have sold 206,472 shares of company stock worth $16,607,508 over the last ninety days. 20.27% of the stock is owned by insiders.

Several equities analysts have recently weighed in on the stock. BidaskClub raised shares of Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 28th. Bank of America reissued a “buy” rating and issued a $87.00 price target (down from $98.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, January 9th. ValuEngine downgraded shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 6th. Finally, Morgan Stanley decreased their price target on shares of Ollie’s Bargain Outlet from $82.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Monday, January 7th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $88.73.

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Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

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

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