State of New Jersey Common Pension Fund D Cuts Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

State of New Jersey Common Pension Fund D reduced its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 27.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 25,699 shares of the company’s stock after selling 9,850 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Ollie’s Bargain Outlet were worth $2,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC boosted its position in shares of Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after acquiring an additional 104 shares during the last quarter. Vista Investment Partners LLC boosted its position in shares of Ollie’s Bargain Outlet by 1.8% during the 1st quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock valued at $882,000 after acquiring an additional 191 shares during the last quarter. Bridge City Capital LLC boosted its position in shares of Ollie’s Bargain Outlet by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 31,301 shares of the company’s stock valued at $2,491,000 after acquiring an additional 240 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $25,000. Finally, Arizona State Retirement System boosted its position in shares of Ollie’s Bargain Outlet by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 17,180 shares of the company’s stock valued at $1,687,000 after acquiring an additional 253 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $98.13 on Thursday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.45 and a beta of 0.84. The firm has a 50-day simple moving average of $95.55 and a two-hundred day simple moving average of $85.79. 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 results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. The business had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. As a group, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, Director Thomas Hendrickson sold 4,500 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the sale, the director now owns 5,659 shares in the company, valued at $551,978.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the transaction, the senior vice president now owns 2,732 shares in the company, valued at approximately $284,592.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas Hendrickson sold 4,500 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the completion of the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,653 shares of company stock worth $2,148,058. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada lowered their target price on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. JPMorgan Chase & Co. reduced their target price on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. UBS Group lifted their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Bank of America lifted their price target on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $103.33.

Ollie’s Bargain Outlet 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.