Mutual of America Capital Management LLC Sells 37,413 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Mutual of America Capital Management LLC reduced its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 34.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,191 shares of the company’s stock after selling 37,413 shares during the period. Mutual of America Capital Management LLC owned approximately 0.12% of Ollie’s Bargain Outlet worth $8,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. HM Payson & Co. bought a new stake in Ollie’s Bargain Outlet during the first quarter worth $30,000. City Holding Co. bought a new stake in Ollie’s Bargain Outlet during the first quarter worth $31,000. Putney Financial Group LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter worth $33,000. Opal Wealth Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the first quarter worth $38,000. Finally, GeoWealth Management LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter worth $38,000.

Ollie’s Bargain Outlet Stock Up 1.7%

NASDAQ OLLI opened at $140.80 on Thursday. The company has a market capitalization of $8.64 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 3.11 and a beta of 0.40. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $86.05 and a twelve month high of $141.74. The stock has a fifty day simple moving average of $126.75 and a 200 day simple moving average of $114.87.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.05. Ollie’s Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The business had revenue of $576.77 million during the quarter, compared to the consensus estimate of $565.04 million. During the same period in the prior year, the business posted $0.73 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the completion of the sale, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OLLI shares. KeyCorp set a $145.00 target price on Ollie’s Bargain Outlet and gave the stock an “overweight” rating in a research note on Thursday, June 26th. Loop Capital downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 price target for the company. in a report on Tuesday, June 24th. JPMorgan Chase & Co. upped their price target on shares of Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Piper Sandler reiterated an “overweight” rating and set a $123.00 price target (down from $124.00) on shares of Ollie’s Bargain Outlet in a report on Wednesday, June 4th. Finally, Wall Street Zen upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.79.

Ollie’s Bargain Outlet Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.