The Manufacturers Life Insurance Company grew its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 121.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,067 shares of the company’s stock after buying an additional 20,334 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Ollie’s Bargain Outlet Holdings worth $1,579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 27.4% in the second quarter. Goldman Sachs Group Inc. now owns 208,271 shares of the company’s stock worth $8,872,000 after buying an additional 44,743 shares during the period. Northern Trust Corp boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 70.9% in the second quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock worth $25,954,000 after buying an additional 252,781 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 7.8% in the first quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock worth $1,192,000 after buying an additional 2,578 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 31.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 199,683 shares of the company’s stock worth $8,507,000 after buying an additional 48,299 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet Holdings by 3.3% in the second quarter. Principal Financial Group Inc. now owns 395,988 shares of the company’s stock worth $16,869,000 after buying an additional 12,494 shares during the period. Institutional investors own 91.22% of the company’s stock.

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Shares of Ollie’s Bargain Outlet Holdings, Inc. (OLLI) opened at $43.40 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 2.80 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2,714.42, a P/E ratio of 40.93, a PEG ratio of 1.91 and a beta of 0.16. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $25.75 and a 52-week high of $46.90.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The firm’s revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 1.19 EPS for the current fiscal year.

In related news, CEO Mark L. Butler sold 334,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $46.02, for a total transaction of $15,379,884.00. Following the transaction, the chief executive officer now owns 4,770,421 shares of the company’s stock, valued at $219,534,774.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mark L. Butler sold 6,248 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $45.00, for a total transaction of $281,160.00. Following the transaction, the chief executive officer now directly owns 4,880,480 shares in the company, valued at approximately $219,621,600. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 750,995 shares of company stock worth $34,497,039. Insiders own 22.25% of the company’s stock.

OLLI has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Friday, September 8th. Royal Bank Of Canada raised their target price on shares of Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. Bank of America Corporation reiterated a “buy” rating and issued a $52.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Tuesday, September 5th. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, August 31st. Finally, TheStreet upgraded shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a report on Monday, July 17th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $47.58.

Ollie’s Bargain Outlet Holdings 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.

Institutional Ownership by Quarter for Ollie`s Bargain Outlet Holdings (NASDAQ:OLLI)

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