Guggenheim Capital LLC Has $2.63 Million Position in Ollie's Bargain Outlet Holdings Inc (OLLI)

Guggenheim Capital LLC lowered its position in shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 10.5% during the fourth quarter, Holdings Channel reports. The fund owned 49,371 shares of the company’s stock after selling 5,793 shares during the quarter. Guggenheim Capital LLC’s holdings in Ollie's Bargain Outlet were worth $2,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OLLI. Carillon Tower Advisers Inc. acquired a new stake in Ollie's Bargain Outlet during the fourth quarter worth approximately $58,331,000. Bamco Inc. NY boosted its position in Ollie's Bargain Outlet by 252.2% during the fourth quarter. Bamco Inc. NY now owns 519,774 shares of the company’s stock worth $27,678,000 after acquiring an additional 372,206 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Ollie's Bargain Outlet during the third quarter worth approximately $9,666,000. BlackRock Inc. boosted its position in Ollie's Bargain Outlet by 3.1% during the fourth quarter. BlackRock Inc. now owns 6,057,562 shares of the company’s stock worth $322,567,000 after acquiring an additional 179,875 shares during the last quarter. Finally, Fred Alger Management Inc. boosted its position in Ollie's Bargain Outlet by 38.4% during the fourth quarter. Fred Alger Management Inc. now owns 626,056 shares of the company’s stock worth $33,337,000 after acquiring an additional 173,577 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

In other news, Director Thomas Hendrickson sold 9,116 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $55.76, for a total value of $508,308.16. Following the transaction, the director now owns 1,233 shares of the company’s stock, valued at approximately $68,752.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kenneth Robert Bertram sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $59.65, for a total transaction of $238,600.00. Following the completion of the transaction, the vice president now directly owns 7,958 shares in the company, valued at approximately $474,694.70. The disclosure for this sale can be found here. In the last three months, insiders sold 95,742 shares of company stock worth $5,567,718. Insiders own 22.25% of the company’s stock.



NASDAQ:OLLI opened at $62.05 on Thursday. The company has a current ratio of 2.22, a quick ratio of 0.35 and a debt-to-equity ratio of 0.05. The company has a market cap of $3,732.21, a price-to-earnings ratio of 49.64, a P/E/G ratio of 1.67 and a beta of 0.14. Ollie's Bargain Outlet Holdings Inc has a fifty-two week low of $33.22 and a fifty-two week high of $63.75.

Ollie's Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, April 4th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. The company had revenue of $356.70 million for 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%. Ollie's Bargain Outlet’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. equities analysts predict that Ollie's Bargain Outlet Holdings Inc will post 1.67 earnings per share for the current fiscal year.

A number of analysts recently issued reports on the stock. JPMorgan Chase raised their target price on shares of Ollie's Bargain Outlet from $63.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday. MKM Partners set a $59.00 price target on shares of Ollie's Bargain Outlet and gave the stock a “hold” rating in a research note on Thursday, April 5th. Royal Bank of Canada increased their price target on shares of Ollie's Bargain Outlet to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, April 5th. Bank of America downgraded shares of Ollie's Bargain Outlet from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research note on Thursday, April 5th. Finally, KeyCorp increased their price target on shares of Ollie's Bargain Outlet from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, April 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $56.46.

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Ollie's Bargain Outlet 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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