New York State Teachers Retirement System Purchases 300 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

New York State Teachers Retirement System boosted its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,747 shares of the company’s stock after purchasing an additional 300 shares during the period. New York State Teachers Retirement System owned about 0.10% of Ollie’s Bargain Outlet worth $4,534,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Operose Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet in the third quarter worth about $26,000. Creative Planning bought a new position in shares of Ollie’s Bargain Outlet in the third quarter worth about $46,000. CWM LLC raised its stake in shares of Ollie’s Bargain Outlet by 58.5% in the third quarter. CWM LLC now owns 1,384 shares of the company’s stock worth $107,000 after acquiring an additional 511 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Ollie’s Bargain Outlet by 81.1% in the second quarter. Captrust Financial Advisors now owns 1,411 shares of the company’s stock worth $83,000 after acquiring an additional 632 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Ollie’s Bargain Outlet in the third quarter worth about $143,000.

Insider Transactions at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,317 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total transaction of $181,050.38. Following the completion of the sale, the chief financial officer now owns 1,777 shares of the company’s stock, valued at $138,854.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Robert F. Helm sold 2,317 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total transaction of $181,050.38. Following the completion of the sale, the chief financial officer now owns 1,777 shares of the company’s stock, valued at $138,854.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Swygert sold 5,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $3,979,874. The disclosure for this sale can be found here. Insiders sold 22,171 shares of company stock valued at $1,722,888 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. The Goldman Sachs Group boosted their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Craig Hallum lifted their price target on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Finally, Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their price target for the stock from $80.00 to $90.00 in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.92.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $71.52 on Friday. The stock has a market cap of $4.39 billion, a P/E ratio of 24.49 and a beta of 0.76. The firm has a 50 day moving average price of $76.34 and a 200 day moving average price of $75.23. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $52.93 and a 52-week high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.18 earnings per share for the current fiscal year.

Ollie’s Bargain Outlet Company 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.