California Public Employees Retirement System Acquires 2,531 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

California Public Employees Retirement System raised its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,591 shares of the company’s stock after acquiring an additional 2,531 shares during the period. California Public Employees Retirement System owned approximately 0.19% of Ollie’s Bargain Outlet worth $9,076,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC acquired a new stake in Ollie’s Bargain Outlet in the third quarter valued at approximately $26,000. CWM LLC lifted its stake in shares of Ollie’s Bargain Outlet by 25.8% during the fourth quarter. CWM LLC now owns 1,741 shares of the company’s stock worth $132,000 after buying an additional 357 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth $143,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth $181,000. Finally, Shelton Capital Management acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth $205,000.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, VP Larry Kraus sold 2,928 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total value of $231,312.00. Following the completion of the transaction, the vice president now owns 1,905 shares of the company’s stock, valued at $150,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $72.29, for a total value of $361,450.00. Following the sale, the director now owns 5,659 shares in the company, valued at $409,089.11. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Larry Kraus sold 2,928 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total transaction of $231,312.00. Following the completion of the sale, the vice president now owns 1,905 shares in the company, valued at approximately $150,495. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,171 shares of company stock valued at $2,084,338. Corporate insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on OLLI. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $80.00 to $90.00 in a research note on Friday, April 5th. JPMorgan Chase & Co. lowered their price objective on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $86.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 21st. Craig Hallum lifted their price objective on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group raised their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.92.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $74.62 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $52.93 and a fifty-two week high of $84.38. The company has a fifty day moving average of $75.20 and a two-hundred day moving average of $75.08. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 25.55 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The company had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. During the same quarter in the previous year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current 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.