Nationwide Fund Advisors Purchases 115,355 Shares of Ollie's Bargain Outlet Holdings Inc (OLLI)

Nationwide Fund Advisors boosted its position in Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 131.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 203,229 shares of the company’s stock after buying an additional 115,355 shares during the quarter. Nationwide Fund Advisors owned approximately 0.33% of Ollie's Bargain Outlet worth $9,430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in OLLI. Alps Advisors Inc. boosted its holdings in shares of Ollie's Bargain Outlet by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock worth $647,000 after acquiring an additional 40 shares during the period. Arizona State Retirement System boosted its holdings in shares of Ollie's Bargain Outlet by 1.2% in the second quarter. Arizona State Retirement System now owns 25,200 shares of the company’s stock worth $1,074,000 after acquiring an additional 300 shares during the period. M&T Bank Corp boosted its holdings in shares of Ollie's Bargain Outlet by 6.1% in the second quarter. M&T Bank Corp now owns 7,829 shares of the company’s stock worth $333,000 after acquiring an additional 447 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Ollie's Bargain Outlet by 14.9% in the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after acquiring an additional 447 shares during the period. Finally, Advisor Group Inc. boosted its holdings in shares of Ollie's Bargain Outlet by 23.2% in the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after acquiring an additional 537 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

OLLI has been the subject of a number of analyst reports. Zacks Investment Research lowered Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Citigroup initiated coverage on Ollie's Bargain Outlet in a report on Friday, November 17th. They issued a “sell” rating and a $39.00 price target for the company. Jefferies Group raised their price target on Ollie's Bargain Outlet to $57.00 and gave the stock a “buy” rating in a report on Tuesday. BidaskClub lowered Ollie's Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $47.00 price target (up from $46.00) on shares of Ollie's Bargain Outlet in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $47.92.

In related news, CEO Mark L. Butler sold 110,059 shares of Ollie's Bargain Outlet stock in a transaction on Monday, September 18th. The stock was sold at an average price of $46.02, for a total transaction of $5,064,915.18. Following the completion of the sale, the chief executive officer now owns 4,770,421 shares of the company’s stock, valued at $219,534,774.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark L. Butler sold 334,200 shares of Ollie's Bargain Outlet stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $46.02, for a total value of $15,379,884.00. Following the sale, the chief executive officer now directly owns 4,770,421 shares of the company’s stock, valued at approximately $219,534,774.42. The disclosure for this sale can be found here. Insiders have sold 1,610,463 shares of company stock valued at $75,439,445 in the last three months. 22.25% of the stock is owned by corporate insiders.

Shares of Ollie's Bargain Outlet Holdings Inc (OLLI) opened at $51.00 on Thursday. The stock has a market capitalization of $3,113.60, a price-to-earnings ratio of 46.94, a P/E/G ratio of 2.10 and a beta of 0.18. Ollie's Bargain Outlet Holdings Inc has a 52 week low of $27.75 and a 52 week high of $51.53. 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 posted its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $238.10 million during the quarter, compared to analyst estimates of $233.77 million. Ollie's Bargain Outlet had a return on equity of 10.44% and a net margin of 7.60%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. equities analysts expect that Ollie's Bargain Outlet Holdings Inc will post 1.2 EPS for the current fiscal year.

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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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