State of Alaska Department of Revenue Sells 150 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

State of Alaska Department of Revenue reduced its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,995 shares of the company’s stock after selling 150 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ollie’s Bargain Outlet were worth $767,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OLLI. Blue Trust Inc. raised its stake in Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. UMB Bank n.a. raised its position in shares of Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after buying an additional 110 shares in the last quarter. Park Place Capital Corp bought a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $77,000. Eagle Bay Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the fourth quarter worth about $79,000. Finally, GAMMA Investing LLC increased its stake in Ollie’s Bargain Outlet by 35.9% during the fourth quarter. GAMMA Investing LLC now owns 885 shares of the company’s stock worth $97,000 after acquiring an additional 234 shares during the last quarter.

Insider Activity

In other news, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $114.74, for a total value of $717,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John W. Swygert sold 4,032 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,940,982. The trade was a 7.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is currently owned by corporate insiders.

Ollie’s Bargain Outlet Stock Up 1.5 %

Shares of NASDAQ OLLI opened at $108.35 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The firm has a market cap of $6.64 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.81. The business has a fifty day simple moving average of $109.50 and a two-hundred day simple moving average of $99.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same period in the previous year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OLLI shares. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Craig Hallum increased their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Piper Sandler lifted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $118.07.

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.