Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Oregon Public Employees Retirement Fund

Posted by Defense World Staff on Aug 9th, 2023

Oregon Public Employees Retirement Fund lowered its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,892 shares of the company’s stock after selling 220 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Ollie’s Bargain Outlet were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OLLI. Treasurer of the State of North Carolina lifted its position in shares of Ollie’s Bargain Outlet by 0.7% during the 1st quarter. Treasurer of the State of North Carolina now owns 27,285 shares of the company’s stock valued at $1,581,000 after acquiring an additional 200 shares during the period. Ziegler Capital Management LLC boosted its position in Ollie’s Bargain Outlet by 3.5% during the first quarter. Ziegler Capital Management LLC now owns 183,666 shares of the company’s stock worth $10,642,000 after purchasing an additional 6,216 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in Ollie’s Bargain Outlet in the first quarter valued at $229,000. New Mexico Educational Retirement Board increased its position in shares of Ollie’s Bargain Outlet by 14.1% in the first quarter. New Mexico Educational Retirement Board now owns 10,500 shares of the company’s stock valued at $608,000 after buying an additional 1,300 shares in the last quarter. Finally, Rheos Capital Works Inc. raised its stake in shares of Ollie’s Bargain Outlet by 43.8% during the 1st quarter. Rheos Capital Works Inc. now owns 262,600 shares of the company’s stock worth $15,215,000 after buying an additional 80,000 shares during the last quarter.

Analyst Upgrades and Downgrades

OLLI has been the subject of several recent research reports. 22nd Century Group restated a “maintains” rating on shares of Ollie’s Bargain Outlet in a report on Thursday, June 8th. StockNews.com initiated coverage on Ollie’s Bargain Outlet in a research report on Thursday, May 18th. They set a “hold” rating for the company. Loop Capital increased their target price on Ollie’s Bargain Outlet from $58.00 to $60.00 in a report on Thursday, June 8th. Citigroup raised their price target on Ollie’s Bargain Outlet from $49.00 to $51.00 in a research report on Thursday, June 8th. Finally, UBS Group upped their price objective on Ollie’s Bargain Outlet from $59.00 to $63.00 in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.69.

Read Our Latest Research Report on Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Price Performance

OLLI opened at $71.80 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $44.72 and a 12 month high of $73.71. The business has a 50-day moving average of $64.96 and a two-hundred day moving average of $61.06. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its earnings results on Wednesday, June 7th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $459.10 million during the quarter, compared to the consensus estimate of $451.37 million. Ollie’s Bargain Outlet had a net margin of 6.45% and a return on equity of 8.92%. Ollie’s Bargain Outlet’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 2.62 earnings per share for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,690 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,531,132. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,690 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $73.26, for a total transaction of $343,589.40. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,531,132. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO John W. Swygert sold 800 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $73.33, for a total transaction of $58,664.00. Following the completion of the sale, 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. Corporate insiders own 0.86% of the company’s stock.

Ollie’s Bargain Outlet Profile

(Free Report)

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.