Cubist Systematic Strategies LLC bought a new position in Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 12,869 shares of the company’s stock, valued at approximately $597,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in Ollie's Bargain Outlet by 27.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 208,271 shares of the company’s stock valued at $8,872,000 after purchasing an additional 44,743 shares during the period. Wasatch Advisors Inc. boosted its position in Ollie's Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock valued at $133,625,000 after purchasing an additional 37,517 shares during the period. Northern Trust Corp boosted its position in Ollie's Bargain Outlet by 70.9% during the 2nd quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock valued at $25,954,000 after purchasing an additional 252,781 shares during the period. Teachers Advisors LLC boosted its position in Ollie's Bargain Outlet by 7.8% during the 1st quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock valued at $1,192,000 after purchasing an additional 2,578 shares during the period. Finally, Stifel Financial Corp acquired a new position in Ollie's Bargain Outlet during the 2nd quarter valued at approximately $453,000. Institutional investors own 89.66% of the company’s stock.

In other news, VP Howard Freedman sold 11,500 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $48.50, for a total value of $557,750.00. Following the sale, the vice president now owns 40,870 shares of the company’s stock, valued at approximately $1,982,195. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark L. Butler sold 331,292 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $48.03, for a total value of $15,911,954.76. Following the completion of the sale, the chief executive officer now directly owns 4,065,075 shares in the company, valued at approximately $195,245,552.25. The disclosure for this sale can be found here. Insiders sold a total of 929,778 shares of company stock worth $44,114,619 in the last three months. Company insiders own 22.25% of the company’s stock.

Shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) opened at $53.45 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.36 and a current ratio of 2.53. The firm has a market capitalization of $3,280.15, a price-to-earnings ratio of 42.09, a price-to-earnings-growth ratio of 2.12 and a beta of 0.18. Ollie's Bargain Outlet Holdings Inc has a 12 month low of $27.75 and a 12 month high of $53.85.

Ollie's Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $238.10 million for the quarter, compared to the consensus estimate of $233.77 million. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. equities research analysts expect that Ollie's Bargain Outlet Holdings Inc will post 1.21 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the company. BidaskClub upgraded Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd. Zacks Investment Research upgraded Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday, December 7th. Piper Jaffray Companies restated an “overweight” rating and set a $61.00 price objective on shares of Ollie's Bargain Outlet in a research report on Thursday, December 7th. KeyCorp restated a “buy” rating and set a $55.00 price objective (up previously from $50.00) on shares of Ollie's Bargain Outlet in a research report on Thursday, December 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Ollie's Bargain Outlet from $47.00 to $61.00 in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Ollie's Bargain Outlet currently has an average rating of “Buy” and a consensus price target of $50.54.

TRADEMARK VIOLATION NOTICE: “Cubist Systematic Strategies LLC Takes $597,000 Position in Ollie's Bargain Outlet Holdings Inc (OLLI)” was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://theolympiareport.com/2017/12/27/cubist-systematic-strategies-llc-takes-597000-position-in-ollies-bargain-outlet-holdings-inc-olli.html.

About Ollie's Bargain Outlet

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 (NASDAQ:OLLI)

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.