The Profund Advisors LLC Invests $225,000 in Ollie’s Bargain Outlet Holdings Inc (OLLI)

The Profund Advisors LLC Invests $225,000 in Ollie’s Bargain Outlet Holdings Inc (OLLI)

Several other institutional investors have also recently added to or reduced their stakes in the company. First National Bank of Omaha increased its position in Ollie's Bargain Outlet Holdings by 31.2% in the first quarter. First National Bank of Omaha now owns 28,514 shares of the company’s stock worth $955,000 after buying an additional 6,785 shares during the period. Russell Investments Group Ltd. purchased a new position in Ollie's Bargain Outlet Holdings during the fourth quarter worth approximately $11,973,000. Baird Financial Group Inc. increased its position in Ollie's Bargain Outlet Holdings by 16.7% in the fourth quarter. Baird Financial Group Inc. now owns 1,247,141 shares of the company’s stock worth $35,481,000 after buying an additional 178,600 shares during the period. Guggenheim Capital LLC increased 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. Finally, Dimensional Fund Advisors LP increased 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 during the period. Institutional investors own 87.47% of the company’s stock.

Profund Advisors LLC acquired a new position in Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,708 shares of the company’s stock, valued at approximately $225,000.

Shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ OLLI) opened at 42.90 on Monday. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 44.69 and a beta of 0.15. The stock has a 50 day moving average price of $39.33 and a 200-day moving average price of $33.31. Ollie's Bargain Outlet Holdings Inc has a 1-year low of $22.25 and a 1-year high of $44.08.

Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, May 31st. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Ollie's Bargain Outlet Holdings had a return on equity of 9.29% and a net margin of 6.05%. The company had revenue of $227.60 million during the quarter, compared to analysts’ expectations of $220.56 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, equities research analysts expect that Ollie's Bargain Outlet Holdings Inc will post $1.17 earnings per share for the current fiscal year.

OLLI has been the subject of a number of recent research reports. MKM Partners lowered Ollie's Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 target price for the company. in a research note on Tuesday, May 30th. Zacks Investment Research lowered Ollie's Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Piper Jaffray Companies set a $48.00 target price on Ollie's Bargain Outlet Holdings and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada increased their target price on Ollie's Bargain Outlet Holdings from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, March 29th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Ollie's Bargain Outlet Holdings in a research note on Sunday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $39.60. In other Ollie's Bargain Outlet Holdings news, CFO John W. Swygert sold 40,000 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $31.29, for a total value of $1,251,600.00. Following the completion of the sale, the chief financial officer now owns 60,593 shares of the company’s stock, valued at $1,895,954.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Howard Freedman sold 950 shares of the business’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $31.67, for a total value of $30,086.50. Following the completion of the sale, the vice president now directly owns 31,660 shares of the company’s stock, valued at approximately $1,002,672.20. The disclosure for this sale can be found here. Insiders sold 129,431 shares of company stock valued at $4,280,365 in the last ninety days. Insiders own 21.80% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:OLLI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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