CHURCHILL MANAGEMENT Corp Invests $2.32 Million in Ollie's Bargain Outlet Holdings Inc (OLLI)

CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 43,468 shares of the company’s stock, valued at approximately $2,315,000.

Several other hedge funds and other institutional investors also recently modified their holdings of OLLI. Advisor Group Inc. increased its holdings in shares of Ollie's Bargain Outlet by 23.2% during the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after acquiring an additional 537 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Ollie's Bargain Outlet by 14.9% during the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after acquiring an additional 447 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Ollie's Bargain Outlet by 165.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after acquiring an additional 2,604 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Ollie's Bargain Outlet by 302.7% during the 2nd quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock valued at $182,000 after acquiring an additional 3,200 shares during the last quarter. Finally, First Heartland Consultants Inc. acquired a new position in shares of Ollie's Bargain Outlet during the 3rd quarter valued at about $207,000. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) opened at $54.00 on Friday. Ollie's Bargain Outlet Holdings Inc has a 52 week low of $28.90 and a 52 week high of $54.30. The firm has a market capitalization of $3,330.00 and a P/E ratio of 42.19. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.36 and a current ratio of 2.53.

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. Ollie's Bargain Outlet had a return on equity of 10.66% and a net margin of 7.92%. The firm had revenue of $238.10 million during the quarter, compared to the consensus estimate of $233.77 million. During the same quarter in the prior year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. equities analysts forecast that Ollie's Bargain Outlet Holdings Inc will post 1.32 earnings per share for the current year.

In other Ollie's Bargain Outlet news, CEO Mark L. Butler sold 227,843 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $47.02, for a total value of $10,713,177.86. Following the completion of the sale, the chief executive officer now owns 4,356 shares in the company, valued at approximately $204,819.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark L. Butler sold 140,865 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $47.09, for a total value of $6,633,332.85. Following the completion of the sale, the chief executive officer now owns 4,245,437 shares of the company’s stock, valued at approximately $199,917,628.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 983,840 shares of company stock valued at $46,973,471. 22.25% of the stock is owned by corporate insiders.

OLLI has been the topic of a number of analyst reports. Citigroup initiated coverage on Ollie's Bargain Outlet in a report on Friday, November 17th. They set a “sell” rating and a $39.00 price objective on the stock. Jefferies Group increased their price objective on Ollie's Bargain Outlet to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research lowered Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Stephens initiated coverage on Ollie's Bargain Outlet in a report on Tuesday, October 31st. They set an “overweight” rating and a $53.00 price objective on the stock. Finally, KeyCorp reissued a “buy” rating and set a $50.00 price objective on shares of Ollie's Bargain Outlet in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Ollie's Bargain Outlet currently has a consensus rating of “Buy” and a consensus target price of $51.54.

ILLEGAL ACTIVITY NOTICE: “CHURCHILL MANAGEMENT Corp Invests $2.32 Million in Ollie's Bargain Outlet Holdings Inc (OLLI)” was posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.themarketsdaily.com/2018/01/12/churchill-management-corp-invests-2-32-million-in-ollies-bargain-outlet-holdings-inc-olli.html.

Ollie's Bargain Outlet Company 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.

Want to see what other hedge funds are holding OLLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI).

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.

Latest News

Leave a Reply