Nationwide Fund Advisors Increases Position in Ollie's Bargain Outlet Holdings Inc (OLLI)

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

Other hedge funds have also modified their holdings of the company. Advisor Group Inc. increased 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 valued at $122,000 after purchasing an additional 537 shares during the last quarter. D.A. Davidson & CO. increased 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 valued at $146,000 after purchasing an additional 447 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Ollie's Bargain Outlet by 165.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after purchasing an additional 2,604 shares during the last quarter. Royal Bank of Canada increased its stake in Ollie's Bargain Outlet by 302.7% during the second quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock worth $182,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in Ollie's Bargain Outlet during the second quarter worth $208,000. Institutional investors own 89.66% of the company’s stock.

Ollie's Bargain Outlet Holdings Inc (OLLI) traded down $0.35 during mid-day trading on Friday, reaching $53.25. The company had a trading volume of 341,434 shares, compared to its average volume of 626,674. Ollie's Bargain Outlet Holdings Inc has a 12-month low of $27.75 and a 12-month high of $54.30. The company has a current ratio of 2.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3,304.82, a price-to-earnings ratio of 41.93, a P/E/G ratio of 2.14 and a beta of 0.18.

Ollie's Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $238.10 million for the quarter, compared to analyst estimates of $233.77 million. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. Ollie's Bargain Outlet’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. analysts anticipate that Ollie's Bargain Outlet Holdings Inc will post 1.21 EPS for the current year.

In other Ollie's Bargain Outlet news, CEO Mark L. Butler sold 152,102 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $47.02, for a total value of $7,151,836.04. Following the completion of the transaction, the chief executive officer now directly owns 4,356 shares in the company, valued at approximately $204,819.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark L. Butler sold 140,865 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $47.09, for a total value of $6,633,332.85. Following the sale, the chief executive officer now owns 4,245,437 shares of the company’s stock, valued at $199,917,628.33. The disclosure for this sale can be found here. Insiders sold a total of 923,840 shares of company stock valued at $43,841,471 over the last quarter. 22.25% of the stock is currently owned by insiders.

Several research firms have issued reports on OLLI. BidaskClub raised Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Morgan Stanley set a $48.00 price target on Ollie's Bargain Outlet and gave the stock a “hold” rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. lifted their target price on Ollie's Bargain Outlet from $47.00 to $61.00 in a report on Thursday, December 7th. KeyCorp reiterated a “buy” rating and issued a $55.00 target price (up from $50.00) on shares of Ollie's Bargain Outlet in a report on Thursday, December 7th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $61.00 price target on shares of Ollie's Bargain Outlet in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $50.54.

TRADEMARK VIOLATION NOTICE: This piece was first reported by Week Herald and is the property of of Week Herald. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://weekherald.com/2017/12/30/nationwide-fund-advisors-purchases-115355-shares-of-ollies-bargain-outlet-holdings-inc-olli.html.

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.

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

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply