Strs Ohio Grows Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Strs Ohio raised its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 25.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,955 shares of the company’s stock after purchasing an additional 3,675 shares during the quarter. Strs Ohio’s holdings in Ollie’s Bargain Outlet were worth $1,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Louisiana State Employees Retirement System purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at about $1,313,000. Shaker Investments LLC OH increased its position in shares of Ollie’s Bargain Outlet by 10.0% during the fourth quarter. Shaker Investments LLC OH now owns 32,089 shares of the company’s stock valued at $2,435,000 after buying an additional 2,924 shares during the period. New York State Teachers Retirement System increased its position in shares of Ollie’s Bargain Outlet by 0.5% during the fourth quarter. New York State Teachers Retirement System now owns 59,747 shares of the company’s stock valued at $4,534,000 after buying an additional 300 shares during the period. International Assets Investment Management LLC increased its position in shares of Ollie’s Bargain Outlet by 4,164.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,795 shares of the company’s stock valued at $288,000 after buying an additional 3,706 shares during the period. Finally, Trust Point Inc. bought a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at about $798,000.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,979,874. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO John W. Swygert sold 5,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,979,874. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Larry Kraus sold 2,928 shares of the stock in a transaction that occurred on 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 directly owns 1,905 shares of the company’s stock, valued at approximately $150,495. The disclosure for this sale can be found here. Insiders have sold 27,171 shares of company stock worth $2,084,338 over the last ninety days. Insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on OLLI shares. JPMorgan Chase & Co. decreased their price target on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Truist Financial upped their price target on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Thursday, March 21st. Royal Bank of Canada restated an “outperform” rating and issued a $86.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their price objective for the stock from $80.00 to $90.00 in a research report on Friday, April 5th. Finally, The Goldman Sachs Group upped their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.92.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $73.70 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $52.93 and a one year high of $84.38. The firm’s 50 day simple moving average is $75.97 and its two-hundred day simple moving average is $75.10. The stock has a market capitalization of $4.52 billion, a P/E ratio of 25.24 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The business had revenue of $648.90 million for the quarter, compared to analysts’ expectations of $649.39 million. During the same period last year, the business earned $0.84 earnings per share. The business’s quarterly revenue was up 18.0% on a year-over-year basis. As a group, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 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.