GSA Capital Partners LLP decreased its position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,400 shares of the company’s stock after selling 2,945 shares during the quarter. GSA Capital Partners LLP’s holdings in Ollie’s Bargain Outlet were worth $1,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OppenheimerFunds Inc. grew its position in Ollie’s Bargain Outlet by 43.0% during the second quarter. OppenheimerFunds Inc. now owns 1,034,182 shares of the company’s stock valued at $74,978,000 after buying an additional 310,828 shares during the period. BlackRock Inc. grew its position in Ollie’s Bargain Outlet by 4.7% during the third quarter. BlackRock Inc. now owns 5,727,645 shares of the company’s stock valued at $550,427,000 after buying an additional 259,631 shares during the period. Northern Trust Corp grew its position in Ollie’s Bargain Outlet by 28.9% during the second quarter. Northern Trust Corp now owns 754,094 shares of the company’s stock valued at $54,672,000 after buying an additional 169,298 shares during the period. PNC Financial Services Group Inc. grew its position in Ollie’s Bargain Outlet by 551.0% during the second quarter. PNC Financial Services Group Inc. now owns 186,174 shares of the company’s stock valued at $13,497,000 after buying an additional 157,576 shares during the period. Finally, Prudential Financial Inc. grew its position in Ollie’s Bargain Outlet by 196.5% during the third quarter. Prudential Financial Inc. now owns 185,686 shares of the company’s stock valued at $17,845,000 after buying an additional 123,070 shares during the period. Hedge funds and other institutional investors own 90.73% of the company’s stock.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 90,000 shares of the company’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $94.49, for a total transaction of $8,504,100.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John W. Swygert sold 48,000 shares of the stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $88.84, for a total transaction of $4,264,320.00. Following the completion of the sale, the chief operating officer now directly owns 77,193 shares in the company, valued at $6,857,826.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 485,337 shares of company stock worth $44,137,101. Insiders own 20.27% of the company’s stock.

Several research firms recently weighed in on OLLI. ValuEngine lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research report on Thursday. BidaskClub upgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 28th. Royal Bank of Canada downgraded shares of Ollie’s Bargain Outlet from an “outperform” rating to a “sector perform” rating and set a $95.00 price objective on the stock. in a report on Monday, November 5th. They noted that the move was a valuation call. Morgan Stanley set a $82.00 price objective on shares of Ollie’s Bargain Outlet and gave the company a “hold” rating in a report on Monday, October 22nd. Finally, KeyCorp upped their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $108.00 and gave the company a “positive” rating in a report on Monday, October 1st. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $90.33.

NASDAQ OLLI opened at $71.90 on Friday. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 52.94, a price-to-earnings-growth ratio of 1.97 and a beta of 0.34. Ollie’s Bargain Outlet Holdings Inc has a 52 week low of $47.76 and a 52 week high of $97.61. The company has a current ratio of 2.03, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 4th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business had revenue of $283.60 million for the quarter, compared to the consensus estimate of $278.62 million. Ollie’s Bargain Outlet had a net margin of 12.89% and a return on equity of 12.66%. The company’s revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 1.77 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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