Public Employees Retirement System of Ohio Sells 18,609 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Public Employees Retirement System of Ohio decreased its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 14.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 114,375 shares of the company’s stock after selling 18,609 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.19% of Ollie’s Bargain Outlet worth $9,101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 194.3% in the 1st quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at $28,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at $29,000. YHB Investment Advisors Inc. acquired a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at $48,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $68,000.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OLLI. Morgan Stanley raised their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. Piper Sandler lifted their target price on Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Royal Bank of Canada lifted their target price on Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Wells Fargo & Company lifted their target price on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. Finally, Craig Hallum lifted their target price on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.08.

Insider Transactions at Ollie’s Bargain Outlet

In related news, SVP Kevin Mclain sold 11,340 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $85.75, for a total value of $972,405.00. Following the transaction, the senior vice president now owns 10,610 shares in the company, valued at $909,807.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 14,736 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $86.81, for a total transaction of $1,279,232.16. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at $4,184,242. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kevin Mclain sold 11,340 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $85.75, for a total value of $972,405.00. Following the sale, the senior vice president now owns 10,610 shares in the company, valued at approximately $909,807.50. The disclosure for this sale can be found here. Insiders have sold 34,537 shares of company stock worth $3,074,765 in the last 90 days. Insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Stock Performance

OLLI traded up $2.95 during midday trading on Monday, reaching $98.95. 1,147,196 shares of the company were exchanged, compared to its average volume of 1,007,021. The company’s fifty day moving average price is $91.82 and its 200 day moving average price is $81.09. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 2.60 and a beta of 0.90. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The firm had revenue of $508.82 million during the quarter, compared to analyst estimates of $506.49 million. During the same period in the previous year, the company posted $0.49 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 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.