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

Louisiana State Employees Retirement System lowered its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,300 shares of the company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Ollie’s Bargain Outlet were worth $1,698,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in OLLI. Venturi Wealth Management LLC lifted its stake in Ollie’s Bargain Outlet by 194.3% in the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after acquiring an additional 204 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the second quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC purchased a new position in Ollie’s Bargain Outlet in the first quarter worth approximately $29,000. ORG Partners LLC purchased a new position in Ollie’s Bargain Outlet in the first quarter worth approximately $28,000. Finally, Versant Capital Management Inc purchased a new position in Ollie’s Bargain Outlet in the second quarter worth approximately $38,000.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $98.89 on Friday. The firm’s fifty day simple moving average is $97.23 and its 200-day simple moving average is $84.04. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 2.60 and a beta of 0.90. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $508.82 million for the quarter, compared to analysts’ expectations of $506.49 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. Ollie’s Bargain Outlet’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. Analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 14,736 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $86.81, for a total value of $1,279,232.16. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $4,184,242. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 14,736 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $86.81, for a total value of $1,279,232.16. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $4,184,242. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Der Valk Eric Van sold 1,438 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $129,420.00. Following the completion of the transaction, the president now directly owns 4,158 shares in the company, valued at $374,220. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,367 shares of company stock valued at $3,061,165. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on OLLI. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Craig Hallum boosted their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Loop Capital boosted their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. UBS Group boosted their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. Finally, Morgan Stanley boosted their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.08.

About Ollie’s Bargain Outlet

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.