Ollie’s Bargain Outlet (OLLI) Stake Lessened by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC cut its stake in Ollie’s Bargain Outlet (NASDAQ:OLLI) by 7.2% in the 4th quarter, HoldingsChannel reports. The fund owned 116,270 shares of the company’s stock after selling 9,070 shares during the period. TIAA CREF Investment Management LLC’s holdings in Ollie’s Bargain Outlet were worth $6,191,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ollie’s Bargain Outlet by 50.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock valued at $158,000 after acquiring an additional 992 shares in the last quarter. Navellier & Associates Inc bought a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $201,000. Stone Ridge Asset Management LLC bought a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $234,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $237,000. Finally, Shelton Capital Management bought a new position in shares of Ollie’s Bargain Outlet in the third quarter valued at approximately $213,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

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OLLI stock opened at $60.20 on Monday. Ollie’s Bargain Outlet has a 12 month low of $33.50 and a 12 month high of $63.75. The company has a market cap of $3,831.73, a P/E ratio of 48.16, a price-to-earnings-growth ratio of 1.71 and a beta of 0.14. The company has a quick ratio of 0.35, a current ratio of 2.22 and a debt-to-equity ratio of 0.05.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, April 4th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The business had revenue of $356.70 million during the quarter, compared to the consensus estimate of $349.93 million. Ollie’s Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. The firm’s quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. equities analysts predict that Ollie’s Bargain Outlet will post 1.68 earnings per share for the current fiscal year.

OLLI has been the subject of several recent research reports. MKM Partners set a $59.00 target price on shares of Ollie’s Bargain Outlet and gave the company a “hold” rating in a research note on Wednesday, March 28th. Royal Bank of Canada increased their target price on shares of Ollie’s Bargain Outlet to $63.00 and gave the company an “outperform” rating in a research note on Thursday, April 5th. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 10th. KeyCorp increased their target price on shares of Ollie’s Bargain Outlet from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, April 5th. Finally, Piper Jaffray reissued a “buy” rating and set a $71.00 target price on shares of Ollie’s Bargain Outlet in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $56.46.

In related news, VP Howard Freedman sold 8,300 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $59.08, for a total value of $490,364.00. Following the completion of the sale, the vice president now owns 34,670 shares in the company, valued at approximately $2,048,303.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas Hendrickson sold 9,116 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $55.76, for a total transaction of $508,308.16. Following the completion of the sale, the director now owns 1,233 shares of the company’s stock, valued at approximately $68,752.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,742 shares of company stock valued at $5,567,718. 22.25% of the stock is owned by insiders.

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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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