United Services Automobile Association Sells 1,612 Shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

United Services Automobile Association lessened its position in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 16.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,993 shares of the company’s stock after selling 1,612 shares during the quarter. United Services Automobile Association’s holdings in Ollie’s Bargain Outlet were worth $696,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Mutual Advisors LLC purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $208,000. Voloridge Investment Management LLC grew its position in Ollie’s Bargain Outlet by 184.2% during the 2nd quarter. Voloridge Investment Management LLC now owns 92,725 shares of the company’s stock worth $8,077,000 after purchasing an additional 60,093 shares during the last quarter. Nuveen Asset Management LLC grew its position in Ollie’s Bargain Outlet by 1,118.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 195,851 shares of the company’s stock worth $17,060,000 after purchasing an additional 179,778 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Ollie’s Bargain Outlet by 119.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,616,150 shares of the company’s stock worth $489,223,000 after purchasing an additional 3,059,692 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Ollie’s Bargain Outlet by 6.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 229,911 shares of the company’s stock worth $20,028,000 after purchasing an additional 14,136 shares during the last quarter. 91.12% of the stock is currently owned by institutional investors.

In other news, Director Stanley Fleishman purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of $64.66 per share, with a total value of $129,320.00. Following the completion of the acquisition, the director now owns 43,974 shares of the company’s stock, valued at approximately $2,843,358.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Omar Segura sold 10,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $87.45, for a total transaction of $874,500.00. Following the sale, the senior vice president now directly owns 10,000 shares in the company, valued at $874,500. The disclosure for this sale can be found here. 16.36% of the stock is owned by corporate insiders.



Several analysts have weighed in on OLLI shares. Piper Jaffray Companies set a $70.00 target price on shares of Ollie’s Bargain Outlet and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Loop Capital dropped their target price on shares of Ollie’s Bargain Outlet to $75.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Craig Hallum started coverage on shares of Ollie’s Bargain Outlet in a research report on Wednesday, September 11th. They set a “buy” rating and a $94.00 target price on the stock. Credit Suisse Group reissued an “outperform” rating and set a $78.00 target price (down previously from $103.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, August 29th. Finally, Royal Bank of Canada dropped their target price on shares of Ollie’s Bargain Outlet from $85.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $79.83.

OLLI stock opened at $60.23 on Friday. The firm’s fifty day simple moving average is $62.12 and its 200-day simple moving average is $83.05. The company has a market capitalization of $3.64 billion, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 1.36 and a beta of 0.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.13 and a quick ratio of 0.41. Ollie’s Bargain Outlet Holdings Inc has a 12 month low of $53.60 and a 12 month high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). The business had revenue of $333.90 million during the quarter, compared to analysts’ expectations of $339.83 million. Ollie’s Bargain Outlet had a net margin of 10.37% and a return on equity of 12.67%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $0.40 earnings per share. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 1.97 earnings per share for the current year.

Ollie’s Bargain Outlet 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, health and beauty 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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