Strs Ohio Lowers Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Strs Ohio reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 10.3% in the 2nd quarter, Holdings Channel reports. The fund owned 12,040 shares of the company’s stock after selling 1,376 shares during the period. Strs Ohio’s holdings in Ollie’s Bargain Outlet were worth $1,587,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank boosted its stake in Ollie’s Bargain Outlet by 1.1% in the 2nd quarter. Amalgamated Bank now owns 28,303 shares of the company’s stock worth $3,730,000 after buying an additional 306 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Ollie’s Bargain Outlet by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 75,048 shares of the company’s stock worth $9,890,000 after buying an additional 467 shares during the last quarter. Assetmark Inc. boosted its stake in Ollie’s Bargain Outlet by 44.8% in the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock worth $35,000 after buying an additional 82 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in Ollie’s Bargain Outlet by 9.7% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 185,623 shares of the company’s stock worth $24,461,000 after buying an additional 16,404 shares during the last quarter. Finally, Emerald Advisers LLC boosted its stake in Ollie’s Bargain Outlet by 10.0% in the 2nd quarter. Emerald Advisers LLC now owns 307,841 shares of the company’s stock worth $40,567,000 after buying an additional 28,026 shares during the last quarter.

Insider Transactions at Ollie’s Bargain Outlet

In other news, CEO Der Valk Eric Van sold 4,000 shares of the stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $132.27, for a total value of $529,080.00. Following the completion of the transaction, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at approximately $1,026,547.47. This represents a 34.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Larry Kraus sold 8,921 shares of the stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $130.31, for a total value of $1,162,495.51. Following the completion of the transaction, the senior vice president directly owned 3,679 shares of the company’s stock, valued at approximately $479,410.49. The trade was a 70.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 128,890 shares of company stock worth $17,057,659. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $123.99 on Wednesday. The firm has a market cap of $7.60 billion, a P/E ratio of 35.94, a PEG ratio of 2.54 and a beta of 0.41. The stock’s 50-day moving average is $128.33 and its two-hundred day moving average is $124.95. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.88 and a fifty-two week 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.08. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The company had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. During the same quarter in the prior year, the company posted $0.78 EPS. The firm’s revenue 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. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank Of Canada decreased their price target on Ollie’s Bargain Outlet from $149.00 to $147.00 and set an “outperform” rating on the stock in a research note on Friday, October 24th. Piper Sandler lifted their price objective on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, August 19th. Jefferies Financial Group lifted their price objective on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the company a “hold” rating in a research note on Friday, August 29th. Wall Street Zen raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Citigroup reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a research note on Friday, August 29th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $144.00.

Ollie’s Bargain Outlet Profile

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.