Ollie's Bargain Outlet authorizes additional $200M to repurchase stock
Dec. 02, 2021 4:26 PM ETOllie's Bargain Outlet Holdings, Inc. (OLLI)By: Preeti Singh, SA News Editor3 Comments
- Ollie's Bargain Outlet (NASDAQ:OLLI) has authorized an additional $200M to repurchase stock as part of its share buyback program, on December 15, 2023.
- The company invested $164.7M of cash to buyback 2,249,329 shares of its common stock in the third quarter of fiscal 2021. It has $33,000 of remaining capacity under its current share repurchase program, which expires on January 13, 2023.
- Ollie's Bargain Outlet shares have slumped 11.71% after-hour following its Q3 report