Neuberger Berman Group LLC Has $54.10 Million Stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Neuberger Berman Group LLC reduced its stake in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 3.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 633,993 shares of the company’s stock after selling 19,577 shares during the quarter. Neuberger Berman Group LLC’s holdings in Ollie’s Bargain Outlet were worth $54,098,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Ollie’s Bargain Outlet by 0.8% in the fourth quarter. BlackRock Inc. now owns 5,775,289 shares of the company’s stock valued at $384,114,000 after buying an additional 47,644 shares in the last quarter. Vanguard Group Inc boosted its stake in Ollie’s Bargain Outlet by 2.5% in the third quarter. Vanguard Group Inc now owns 4,696,518 shares of the company’s stock valued at $451,335,000 after buying an additional 113,986 shares in the last quarter. Wasatch Advisors Inc. boosted its stake in Ollie’s Bargain Outlet by 3.1% in the first quarter. Wasatch Advisors Inc. now owns 2,263,743 shares of the company’s stock valued at $193,165,000 after buying an additional 68,758 shares in the last quarter. Rheos Capital Works Inc. acquired a new stake in Ollie’s Bargain Outlet in the first quarter valued at about $119,462,000. Finally, Artisan Partners Limited Partnership boosted its stake in Ollie’s Bargain Outlet by 22.4% in the first quarter. Artisan Partners Limited Partnership now owns 1,180,686 shares of the company’s stock valued at $100,748,000 after buying an additional 216,413 shares in the last quarter. 90.45% of the stock is currently owned by institutional investors.

In other news, Director Thomas Hendrickson sold 21,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The stock was sold at an average price of $85.55, for a total transaction of $1,796,550.00. Following the completion of the transaction, the director now directly owns 7,474 shares in the company, valued at $639,400.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jay Stasz sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $95.00, for a total value of $1,187,500.00. Following the transaction, the chief financial officer now owns 22,903 shares of the company’s stock, valued at $2,175,785. The disclosure for this sale can be found here. Insiders have sold 148,979 shares of company stock valued at $12,454,617 over the last 90 days. 16.36% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet stock traded up $1.14 during trading hours on Thursday, hitting $95.04. The stock had a trading volume of 117,997 shares, compared to its average volume of 805,471. The company has a current ratio of 1.86, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $6.03 billion, a PE ratio of 51.93, a P/E/G ratio of 1.86 and a beta of 0.94. Ollie’s Bargain Outlet Holdings Inc has a one year low of $59.72 and a one year high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, June 6th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $324.90 million during the quarter, compared to the consensus estimate of $319.24 million. Ollie’s Bargain Outlet had a return on equity of 13.49% and a net margin of 11.10%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. As a group, analysts predict that Ollie’s Bargain Outlet Holdings Inc will post 2.16 earnings per share for the current fiscal year.

OLLI has been the topic of several research analyst reports. BidaskClub lowered Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Morgan Stanley set a $89.00 target price on Ollie’s Bargain Outlet and gave the company a “hold” rating in a research report on Tuesday. Credit Suisse Group increased their target price on Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, May 14th. They noted that the move was a valuation call. Finally, Dougherty & Co began coverage on Ollie’s Bargain Outlet in a research report on Thursday, May 23rd. They issued a “buy” rating and a $115.00 target price for the company. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $93.79.

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Ollie’s Bargain Outlet Company 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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