Mutual of America Capital Management LLC Sells 16,223 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Mutual of America Capital Management LLC decreased its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,898 shares of the company's stock after selling 16,223 shares during the period. Mutual of America Capital Management LLC owned 0.20% of Ollie's Bargain Outlet worth $9,175,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Operose Advisors LLC purchased a new position in Ollie's Bargain Outlet during the third quarter worth $26,000. Creative Planning purchased a new position in Ollie's Bargain Outlet during the third quarter worth $46,000. Captrust Financial Advisors increased its position in Ollie's Bargain Outlet by 81.1% during the second quarter. Captrust Financial Advisors now owns 1,411 shares of the company's stock worth $83,000 after buying an additional 632 shares in the last quarter. CWM LLC increased its position in Ollie's Bargain Outlet by 58.5% during the third quarter. CWM LLC now owns 1,384 shares of the company's stock worth $107,000 after buying an additional 511 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in Ollie's Bargain Outlet during the third quarter worth $143,000.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $3,979,874. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO John W. Swygert sold 5,000 shares of Ollie's Bargain Outlet stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at $3,979,874. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Swygert sold 11,756 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $75.22, for a total value of $884,286.32. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,625,604. The disclosure for this sale can be found here. Insiders have sold a total of 22,171 shares of company stock worth $1,722,888 over the last quarter. 0.86% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

OLLI has been the subject of several recent research reports. TheStreet downgraded Ollie's Bargain Outlet from a "b" rating to a "c+" rating in a research report on Thursday, December 14th. Loop Capital upgraded Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and raised their price objective for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Royal Bank of Canada restated an "outperform" rating and set a $86.00 price objective on shares of Ollie's Bargain Outlet in a report on Thursday, March 21st. The Goldman Sachs Group raised their price objective on Ollie's Bargain Outlet from $91.00 to $104.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. Finally, Craig Hallum raised their price objective on Ollie's Bargain Outlet from $98.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and an average price target of $84.92.

Ollie's Bargain Outlet Stock Performance

Ollie's Bargain Outlet stock traded down $1.60 during midday trading on Friday, reaching $71.52. The stock had a trading volume of 759,704 shares, compared to its average volume of 919,393. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $52.93 and a twelve month high of $84.38. The stock has a market capitalization of $4.39 billion, a PE ratio of 24.49 and a beta of 0.76. The stock's 50-day simple moving average is $76.34 and its 200 day simple moving average is $75.24.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $648.90 million for the quarter, compared to analysts' expectations of $649.39 million. Ollie's Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The firm's quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 earnings per share. Equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.18 earnings per share for the current fiscal year.

Ollie's Bargain Outlet Company 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.