Victory Capital Management Inc. lowered its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 464,426 shares of the company’s stock after selling 8,348 shares during the quarter. Victory Capital Management Inc. owned about 0.74% of Ollie’s Bargain Outlet worth $30,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. First Bank & Trust bought a new position in shares of Ollie’s Bargain Outlet in the fourth quarter worth $32,000. Bank of Montreal Can boosted its stake in shares of Ollie’s Bargain Outlet by 11.8% during the fourth quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock valued at $136,000 after purchasing an additional 218 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at about $147,000. Harvest Fund Management Co. Ltd boosted its stake in shares of Ollie’s Bargain Outlet by 290.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,568 shares of the company’s stock valued at $151,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Ollie’s Bargain Outlet by 414.7% in the third quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock worth $168,000 after acquiring an additional 1,410 shares during the period. Hedge funds and other institutional investors own 92.38% of the company’s stock.

NASDAQ OLLI opened at $87.36 on Tuesday. The company has a market cap of $5.49 billion, a PE ratio of 69.89, a PEG ratio of 1.67 and a beta of 0.98. Ollie’s Bargain Outlet Holdings Inc has a 52 week low of $54.44 and a 52 week high of $97.61. The company has a quick ratio of 0.07, a current ratio of 2.03 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 firm had revenue of $283.60 million during the quarter, compared to the consensus estimate of $278.62 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 12.89%. The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.22 earnings per share. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 1.8 earnings per share for the current fiscal year.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 80,000 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $88.95, for a total value of $7,116,000.00. Following the transaction, the chief executive officer now owns 2,650,242 shares of the company’s stock, valued at $235,739,025.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark L. Butler sold 95,337 shares of the business’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $80.49, for a total value of $7,673,675.13. Following the completion of the transaction, the chief executive officer now directly owns 2,528,742 shares in the company, valued at approximately $203,538,443.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 204,000 shares of company stock valued at $17,121,413. Corporate insiders own 20.27% of the company’s stock.

OLLI has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered 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 research note on Monday, November 5th. They noted that the move was a valuation call. BidaskClub raised Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 28th. Morgan Stanley cut their price objective on 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. Bank of America reaffirmed a “buy” rating and issued a $87.00 price objective (down from $98.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, January 9th. Finally, ValuEngine lowered Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 6th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $88.73.

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About Ollie’s Bargain Outlet

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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