Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,553 shares of the company’s stock, valued at approximately $151,000.
A number of other institutional investors have also modified their holdings of OLLI. D. E. Shaw & Co. Inc. grew its position in shares of Ollie’s Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after buying an additional 512,928 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Ollie’s Bargain Outlet by 199.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after purchasing an additional 372,914 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in Ollie’s Bargain Outlet in the 3rd quarter worth about $16,590,000. Victory Capital Management Inc. grew its position in Ollie’s Bargain Outlet by 84.8% in the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock worth $30,505,000 after purchasing an additional 143,996 shares during the last quarter. Finally, F M Investments LLC bought a new position in Ollie’s Bargain Outlet in the 2nd quarter worth about $13,852,000.
Ollie’s Bargain Outlet Price Performance
OLLI stock opened at $100.31 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $104.98. The firm has a market cap of $6.15 billion, a PE ratio of 30.58, a P/E/G ratio of 2.48 and a beta of 0.85. The firm has a 50 day simple moving average of $94.84 and a 200 day simple moving average of $93.78.
Wall Street Analyst Weigh In
Read Our Latest Report on Ollie’s Bargain Outlet
Insider Activity at Ollie’s Bargain Outlet
In related news, CEO John W. Swygert sold 4,800 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $102.60, for a total transaction of $492,480.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,945,320. This represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. This represents a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,712 shares of company stock valued at $3,368,270 over the last ninety days. Insiders own 0.87% of the company’s stock.
Ollie’s Bargain Outlet Profile
Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.
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