Louisiana State Employees Retirement System Buys New Shares in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Louisiana State Employees Retirement System bought a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 17,300 shares of the company’s stock, valued at approximately $1,313,000.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Ollie’s Bargain Outlet by 1.0% during the third quarter. Vanguard Group Inc. now owns 5,495,026 shares of the company’s stock worth $424,106,000 after purchasing an additional 54,941 shares during the period. State Street Corp lifted its stake in shares of Ollie’s Bargain Outlet by 3.3% in the first quarter. State Street Corp now owns 1,734,913 shares of the company’s stock valued at $100,521,000 after buying an additional 55,791 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ollie’s Bargain Outlet by 26.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,585,472 shares of the company’s stock valued at $91,859,000 after buying an additional 336,268 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Ollie’s Bargain Outlet by 141.5% during the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock worth $83,037,000 after acquiring an additional 630,298 shares in the last quarter. Finally, Royal London Asset Management Ltd. acquired a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth about $41,301,000.

Insider Activity

In related news, CEO John W. Swygert sold 11,756 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $75.22, for a total value of $884,286.32. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at $3,625,604. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $75.22, for a total value of $884,286.32. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,625,604. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Larry Kraus sold 2,928 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total value of $231,312.00. Following the sale, the vice president now owns 1,905 shares of the company’s stock, valued at approximately $150,495. The disclosure for this sale can be found here. Insiders sold 22,171 shares of company stock worth $1,722,888 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $73.21 on Monday. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 25.07 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $52.93 and a 52-week high of $84.38. The stock’s 50-day simple moving average is $76.07 and its 200 day simple moving average is $75.09.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $648.90 million during the quarter, compared to analyst estimates of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. Ollie’s Bargain Outlet’s revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business earned $0.84 earnings per share. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OLLI. Craig Hallum lifted their target price on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their target price for the company from $80.00 to $90.00 in a research report on Friday, April 5th. The Goldman Sachs Group lifted their price target on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Royal Bank of Canada reissued an “outperform” rating and set a $86.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their target price on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.92.

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.