New Mexico Educational Retirement Board raised its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 14.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,500 shares of the company’s stock after acquiring an additional 1,300 shares during the period. New Mexico Educational Retirement Board’s holdings in Ollie’s Bargain Outlet were worth $608,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Royal London Asset Management Ltd. bought a new position in Ollie’s Bargain Outlet in the first quarter valued at about $41,301,000. Norges Bank acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $28,482,000. Point72 Asset Management L.P. acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $24,742,000. Renaissance Technologies LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth about $17,880,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Ollie’s Bargain Outlet by 86.4% during the first quarter. Goldman Sachs Group Inc. now owns 422,254 shares of the company’s stock worth $18,140,000 after purchasing an additional 195,733 shares during the period.
Ollie’s Bargain Outlet Trading Down 1.2 %
NASDAQ:OLLI opened at $71.98 on Wednesday. The stock has a market cap of $4.45 billion, a P/E ratio of 37.10, a PEG ratio of 1.11 and a beta of 1.00. The stock has a 50 day simple moving average of $63.39 and a 200 day simple moving average of $60.39. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $44.72 and a 1-year high of $73.71.
Insider Buying and Selling at Ollie’s Bargain Outlet
In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 800 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, July 28th. The stock was sold at an average price of $73.33, for a total value of $58,664.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,534,506. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO John W. Swygert sold 4,690 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $73.26, for a total transaction of $343,589.40. Following the completion of the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $3,531,132. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Swygert sold 800 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $73.33, for a total value of $58,664.00. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,534,506. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Loop Capital increased their price objective on Ollie’s Bargain Outlet from $58.00 to $60.00 in a report on Thursday, June 8th. 22nd Century Group reiterated a “maintains” rating on shares of Ollie’s Bargain Outlet in a report on Thursday, June 8th. JPMorgan Chase & Co. upgraded Ollie’s Bargain Outlet from an “underweight” rating to a “neutral” rating and raised their price target for the company from $56.00 to $66.00 in a research note on Monday, April 17th. StockNews.com assumed coverage on Ollie’s Bargain Outlet in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Citigroup raised their price target on Ollie’s Bargain Outlet from $49.00 to $51.00 in a research note on Thursday, June 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $62.15.
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.
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