Public Employees Retirement System of Ohio Lowers Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Public Employees Retirement System of Ohio lessened its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,529 shares of the company's stock after selling 8,041 shares during the period. Public Employees Retirement System of Ohio owned 0.15% of Ollie's Bargain Outlet worth $10,373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in Ollie's Bargain Outlet by 59.2% in the 3rd quarter. Barclays PLC now owns 41,307 shares of the company's stock valued at $4,014,000 after acquiring an additional 15,357 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Ollie's Bargain Outlet by 671.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 62,679 shares of the company's stock valued at $6,878,000 after buying an additional 54,557 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Ollie's Bargain Outlet by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,570 shares of the company's stock valued at $940,000 after buying an additional 215 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at about $278,000. Finally, Blue Trust Inc. increased its stake in shares of Ollie's Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after buying an additional 101 shares during the period.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP Kevin Mclain sold 4,799 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $115.56, for a total transaction of $554,572.44. Following the sale, the senior vice president now owns 12,336 shares in the company, valued at $1,425,548.16. This represents a 28.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert F. Helm sold 2,139 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $115.74, for a total value of $247,567.86. Following the sale, the chief financial officer now directly owns 2,961 shares in the company, valued at $342,706.14. This trade represents a 41.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,897 shares of company stock worth $4,227,970 over the last three months. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. KeyCorp raised their target price on Ollie's Bargain Outlet from $125.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 20th. Morgan Stanley raised their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $124.07.

Ollie's Bargain Outlet Stock Down 1.2%

Ollie's Bargain Outlet stock traded down $1.36 during midday trading on Wednesday, hitting $113.03. 1,142,058 shares of the stock were exchanged, compared to its average volume of 1,171,384. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $78.58 and a 52-week high of $122.15. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. The business's 50-day moving average price is $111.27 and its 200-day moving average price is $107.12.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 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 $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. During the same quarter in the previous year, the firm earned $1.23 EPS. Ollie's Bargain Outlet's quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

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.