Louisiana State Employees Retirement System Boosts Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Louisiana State Employees Retirement System boosted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,300 shares of the company’s stock after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Ollie’s Bargain Outlet were worth $2,280,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Belpointe Asset Management LLC lifted its stake in Ollie’s Bargain Outlet by 1.3% in the first quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company’s stock valued at $815,000 after purchasing an additional 91 shares during the last quarter. Xponance Inc. raised its holdings in Ollie’s Bargain Outlet by 1.4% during the 1st quarter. Xponance Inc. now owns 7,231 shares of the company’s stock valued at $841,000 after acquiring an additional 102 shares during the period. Wedmont Private Capital raised its holdings in Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Wedmont Private Capital now owns 2,218 shares of the company’s stock valued at $283,000 after acquiring an additional 134 shares during the period. PNC Financial Services Group Inc. raised its holdings in Ollie’s Bargain Outlet by 3.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,565 shares of the company’s stock valued at $531,000 after acquiring an additional 146 shares during the period. Finally, First Hawaiian Bank raised its holdings in Ollie’s Bargain Outlet by 0.9% during the 1st quarter. First Hawaiian Bank now owns 19,325 shares of the company’s stock valued at $2,249,000 after acquiring an additional 180 shares during the period.

Insider Activity at Ollie’s Bargain Outlet

In related news, Chairman John W. Swygert sold 107,058 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $132.87, for a total value of $14,224,796.46. Following the completion of the transaction, the chairman directly owned 48,200 shares in the company, valued at approximately $6,404,334. The trade was a 68.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James J. Comitale sold 2,117 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $130.00, for a total transaction of $275,210.00. Following the completion of the transaction, the senior vice president owned 2,504 shares of the company’s stock, valued at $325,520. This trade represents a 45.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 116,334 shares of company stock valued at $15,444,369 over the last ninety days. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

OLLI has been the topic of a number of analyst reports. Piper Sandler boosted their target price on shares of Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, August 19th. Wall Street Zen cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Friday, September 26th. JPMorgan Chase & Co. boosted their target price on shares of Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Truist Financial boosted their price target on shares of Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Jefferies Financial Group boosted their price target on shares of Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research report on Friday, August 29th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.15.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $124.60 on Friday. The company has a fifty day moving average price of $132.22 and a 200-day moving average price of $123.34. The firm has a market capitalization of $7.64 billion, a P/E ratio of 36.12, a price-to-earnings-growth ratio of 2.58 and a beta of 0.42. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $86.88 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The firm had revenue of $679.56 million during the quarter, compared to analyst estimates of $658.03 million. During the same period in the previous year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

About Ollie’s Bargain Outlet

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.