Quantitative Systematic Strategies LLC Acquires Shares of 5,037 Ollie's Bargain Outlet Holdings Inc (OLLI)

Quantitative Systematic Strategies LLC acquired a new stake in shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,037 shares of the company’s stock, valued at approximately $268,000.

A number of other large investors also recently made changes to their positions in OLLI. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ollie's Bargain Outlet by 50.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock worth $158,000 after purchasing an additional 992 shares during the last quarter. Campbell Newman Asset Management Inc. raised its stake in shares of Ollie's Bargain Outlet by 22.6% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 12,410 shares of the company’s stock worth $661,000 after purchasing an additional 2,284 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Ollie's Bargain Outlet by 7.6% in the fourth quarter. SG Americas Securities LLC now owns 23,037 shares of the company’s stock worth $1,227,000 after purchasing an additional 1,621 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Ollie's Bargain Outlet by 7.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 228,813 shares of the company’s stock worth $12,185,000 after purchasing an additional 15,449 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Ollie's Bargain Outlet by 6.0% in the fourth quarter. Louisiana State Employees Retirement System now owns 21,100 shares of the company’s stock worth $1,124,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 89.57% of the company’s stock.

In related news, Director Thomas Hendrickson sold 9,116 shares of Ollie's Bargain Outlet stock in a transaction 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 completion of the sale, the director now owns 1,233 shares of the company’s stock, valued at $68,752.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark L. Butler sold 227,843 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $47.02, for a total value of $10,713,177.86. Following the sale, the chief executive officer now directly owns 4,356 shares of the company’s stock, valued at approximately $204,819.12. The disclosure for this sale can be found here. Insiders sold 992,956 shares of company stock valued at $47,481,779 in the last ninety days. 22.25% of the stock is currently owned by corporate insiders.

Shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ OLLI) opened at $54.20 on Friday. The company has a quick ratio of 0.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.16. Ollie's Bargain Outlet Holdings Inc has a fifty-two week low of $30.55 and a fifty-two week high of $58.50. The company has a market capitalization of $3,307.90, a price-to-earnings ratio of 47.48, a P/E/G ratio of 1.38 and a beta of 0.18.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The company had revenue of $238.10 million during the quarter, compared to analyst estimates of $233.77 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. Ollie's Bargain Outlet’s revenue was up 17.9% compared to the same quarter last year. analysts forecast that Ollie's Bargain Outlet Holdings Inc will post 1.24 EPS for the current fiscal year.

Several research firms have recently weighed in on OLLI. BidaskClub upgraded Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Jefferies Group boosted their price target on Ollie's Bargain Outlet to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Piper Jaffray Companies restated a “buy” rating and issued a $71.00 price target on shares of Ollie's Bargain Outlet in a research note on Tuesday, January 9th. Stephens restated an “overweight” rating and issued a $56.00 price target (up previously from $54.00) on shares of Ollie's Bargain Outlet in a research note on Monday, January 8th. Finally, Wells Fargo & Co began coverage on Ollie's Bargain Outlet in a research note on Friday, November 3rd. They issued a “market perform” rating and a $45.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $51.54.

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Ollie's Bargain Outlet 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.

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

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