Stone Ridge Asset Management LLC Takes Position in Ollie's Bargain Outlet Holdings Inc (OLLI)

Stone Ridge Asset Management LLC acquired a new stake in Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 4,400 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sapphire Star Partners LP acquired a new position in shares of Ollie's Bargain Outlet in the 4th quarter valued at approximately $537,000. Fred Alger Management Inc. grew its position in shares of Ollie's Bargain Outlet by 38.4% in the 4th quarter. Fred Alger Management Inc. now owns 626,056 shares of the company’s stock valued at $33,337,000 after purchasing an additional 173,577 shares during the period. Bamco Inc. NY grew its position in shares of Ollie's Bargain Outlet by 252.2% in the 4th quarter. Bamco Inc. NY now owns 519,774 shares of the company’s stock valued at $27,678,000 after purchasing an additional 372,206 shares during the period. Profund Advisors LLC boosted its position in Ollie's Bargain Outlet by 17.5% during the 4th quarter. Profund Advisors LLC now owns 7,429 shares of the company’s stock worth $396,000 after acquiring an additional 1,107 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Ollie's Bargain Outlet by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 451,000 shares of the company’s stock worth $24,015,000 after acquiring an additional 28,585 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

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

OLLI has been the subject of a number of recent research reports. Zacks Investment Research raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, December 7th. BidaskClub raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. JPMorgan Chase upped their price target on Ollie's Bargain Outlet from $47.00 to $61.00 in a research report on Thursday, December 7th. KeyCorp reaffirmed a “buy” rating and set a $55.00 price target (up previously from $50.00) on shares of Ollie's Bargain Outlet in a research report on Thursday, December 7th. Finally, Piper Jaffray reaffirmed an “overweight” rating and set a $61.00 price target on shares of Ollie's Bargain Outlet in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $55.92.

Shares of Ollie's Bargain Outlet stock opened at $59.45 on Friday. Ollie's Bargain Outlet Holdings Inc has a 12-month low of $32.85 and a 12-month high of $62.05. The company has a market cap of $3,637.76, a PE ratio of 61.29, a P/E/G ratio of 1.52 and a beta of 0.14. The company has a current ratio of 2.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.16.

Ollie's Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The company had revenue of $356.70 million for the quarter, compared to analysts’ expectations of $349.93 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue was up 25.9% compared to the same quarter last year. equities analysts expect that Ollie's Bargain Outlet Holdings Inc will post 1.24 earnings per share for the current fiscal year.

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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)

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