Louisiana State Employees Retirement System Acquires 200 Shares of Ollie’s Bargain Outlet Holdings, Inc. (OLLI)

Louisiana State Employees Retirement System raised its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,700 shares of the company’s stock after buying an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Ollie’s Bargain Outlet Holdings were worth $839,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its position in Ollie’s Bargain Outlet Holdings by 29.2% in the fourth quarter. State Street Corp now owns 733,575 shares of the company’s stock worth $20,870,000 after buying an additional 165,608 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Ollie’s Bargain Outlet Holdings by 128.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 588,248 shares of the company’s stock worth $16,736,000 after buying an additional 330,630 shares in the last quarter. Guggenheim Capital LLC raised its position in Ollie’s Bargain Outlet Holdings by 131.8% in the fourth quarter. Guggenheim Capital LLC now owns 66,052 shares of the company’s stock worth $1,879,000 after buying an additional 37,552 shares during the period. AQR Capital Management LLC raised its position in Ollie’s Bargain Outlet Holdings by 74.9% in the fourth quarter. AQR Capital Management LLC now owns 26,315 shares of the company’s stock worth $749,000 after buying an additional 11,270 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Ollie’s Bargain Outlet Holdings during the fourth quarter worth approximately $708,000. Institutional investors and hedge funds own 95.24% of the company’s stock.

Ollie’s Bargain Outlet Holdings, Inc. (OLLI) traded down 1.80% during mid-day trading on Wednesday, hitting $43.65. 140,477 shares of the stock were exchanged. The stock has a market capitalization of $2.67 billion, a PE ratio of 41.18 and a beta of 0.15. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $24.12 and a 52 week high of $46.08. The company has a 50-day moving average of $42.39 and a 200-day moving average of $36.96.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, May 31st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $227.60 million during the quarter, compared to analysts’ expectations of $220.56 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.25% and a return on equity of 10.11%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. On average, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 EPS for the current fiscal year.

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OLLI has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $37.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, May 25th. MKM Partners lowered shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research report on Tuesday, May 30th. Piper Jaffray Companies set a $48.00 price target on shares of Ollie’s Bargain Outlet Holdings and gave the company a “buy” rating in a research report on Thursday, June 1st. Credit Suisse Group restated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a research report on Sunday, June 4th. Finally, BidaskClub lowered shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $39.60.

In related news, SVP Kevin Mclain sold 20,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $43.05, for a total transaction of $861,000.00. Following the completion of the transaction, the senior vice president now directly owns 20,000 shares of the company’s stock, valued at $861,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth Robert Bertram sold 6,000 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $43.25, for a total transaction of $259,500.00. Following the transaction, the vice president now directly owns 6,000 shares of the company’s stock, valued at $259,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,500 shares of company stock valued at $1,570,005. Corporate insiders own 22.25% of the company’s stock.

Ollie’s Bargain Outlet Holdings 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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