Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,823 shares of the company’s stock after selling 100 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Ollie’s Bargain Outlet worth $6,564,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Ollie’s Bargain Outlet by 7,676.0% in the 3rd quarter. International Assets Investment Management LLC now owns 19,440 shares of the company’s stock worth $1,890,000 after buying an additional 19,190 shares during the last quarter. Dumont & Blake Investment Advisors LLC acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth about $604,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Ollie’s Bargain Outlet by 7.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the company’s stock worth $385,000 after buying an additional 283 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Ollie’s Bargain Outlet by 44.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,413 shares of the company’s stock worth $232,000 after buying an additional 748 shares during the last quarter. Finally, Pullen Investment Management LLC acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth about $414,000.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 6,250 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John W. Swygert sold 4,032 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 87,771 shares of company stock valued at $9,650,832 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Wells Fargo & Company raised their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Craig Hallum raised their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 target price on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus price target of $118.07.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $106.38 on Thursday. The company has a fifty day moving average of $109.53 and a two-hundred day moving average of $100.21. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The company has a market capitalization of $6.52 billion, a PE ratio of 31.76, a P/E/G ratio of 2.34 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same period in the prior year, the company earned $0.51 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. On average, research 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.