Retirement Systems of Alabama Has $7.23 Million Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Retirement Systems of Alabama trimmed its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 34.6% during the third quarter, HoldingsChannel reports. The fund owned 74,351 shares of the company’s stock after selling 39,396 shares during the quarter. Retirement Systems of Alabama’s holdings in Ollie’s Bargain Outlet were worth $7,227,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of OLLI. D. E. Shaw & Co. Inc. grew its position in shares of Ollie’s Bargain Outlet by 953.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after buying an additional 512,928 shares during the last quarter. Holocene Advisors LP raised its stake in Ollie’s Bargain Outlet by 10,159.3% during the third quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after buying an additional 466,818 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in Ollie’s Bargain Outlet by 199.3% in the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock valued at $54,981,000 after buying an additional 372,914 shares during the period. Wellington Management Group LLP grew its holdings in Ollie’s Bargain Outlet by 155.8% during the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after acquiring an additional 294,217 shares during the period. Finally, Loomis Sayles & Co. L P acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at about $16,590,000.

Analyst Upgrades and Downgrades

OLLI has been the subject of several recent analyst reports. Bank of America raised their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Truist Financial increased their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. 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 report on Friday, August 30th. Craig Hallum lifted their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lifted their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $116.58.

Ollie’s Bargain Outlet Trading Up 0.5 %

OLLI opened at $114.94 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $116.63. The company has a market cap of $7.04 billion, a PE ratio of 34.31, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85. The company has a 50 day moving average of $96.68 and a 200 day moving average of $95.65.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 4,032 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. The trade was a 7.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. The trade was a 54.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,755 shares of company stock valued at $8,680,862. Corporate insiders own 0.87% of the company’s stock.

About Ollie’s Bargain Outlet

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.