Louisiana State Employees Retirement System Buys Shares of 17,300 Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Louisiana State Employees Retirement System acquired a new stake in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,300 shares of the company's stock, valued at approximately $1,313,000.

Several other large investors have also made changes to their positions in the business. Shaker Investments LLC OH boosted its holdings in shares of Ollie's Bargain Outlet by 10.0% in the 4th quarter. Shaker Investments LLC OH now owns 32,089 shares of the company's stock valued at $2,435,000 after acquiring an additional 2,924 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of Ollie's Bargain Outlet by 0.5% in the 4th quarter. New York State Teachers Retirement System now owns 59,747 shares of the company's stock valued at $4,534,000 after acquiring an additional 300 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Ollie's Bargain Outlet by 4,164.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,795 shares of the company's stock valued at $288,000 after acquiring an additional 3,706 shares during the last quarter. Trust Point Inc. purchased a new stake in Ollie's Bargain Outlet during the fourth quarter worth $798,000. Finally, Fenimore Asset Management Inc. boosted its holdings in Ollie's Bargain Outlet by 0.7% during the fourth quarter. Fenimore Asset Management Inc. now owns 201,194 shares of the company's stock worth $15,269,000 after buying an additional 1,400 shares in the last quarter.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ OLLI traded up $0.49 during mid-day trading on Monday, reaching $73.70. The company's stock had a trading volume of 1,019,810 shares, compared to its average volume of 916,355. The stock has a 50-day moving average of $75.97 and a two-hundred day moving average of $75.10. The stock has a market capitalization of $4.52 billion, a P/E ratio of 25.24 and a beta of 0.76. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $52.93 and a 1-year high of $84.38.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The firm had revenue of $648.90 million for the quarter, compared to the consensus estimate of $649.39 million. Ollie's Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The company's revenue for the quarter was up 18.0% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. Analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Insider Transactions at Ollie's Bargain Outlet

In other news, Director Thomas Hendrickson sold 5,000 shares of the firm's stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $72.29, for a total value of $361,450.00. Following the transaction, the director now directly owns 5,659 shares of the company's stock, valued at $409,089.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ollie's Bargain Outlet news, Director Thomas Hendrickson sold 5,000 shares of Ollie's Bargain Outlet stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $72.29, for a total transaction of $361,450.00. Following the transaction, the director now directly owns 5,659 shares of the company's stock, valued at $409,089.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,317 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $78.14, for a total transaction of $181,050.38. Following the transaction, the chief financial officer now directly owns 1,777 shares in the company, valued at $138,854.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,171 shares of company stock valued at $2,084,338. Corporate insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OLLI shares. Royal Bank of Canada reissued an "outperform" rating and set a $86.00 price target on shares of Ollie's Bargain Outlet in a report on Thursday, March 21st. Loop Capital raised shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and increased their price target for the stock from $80.00 to $90.00 in a report on Friday, April 5th. The Goldman Sachs Group increased their price target on shares of Ollie's Bargain Outlet from $91.00 to $104.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. Truist Financial increased their price target on shares of Ollie's Bargain Outlet from $78.00 to $80.00 and gave the stock a "hold" rating in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.92.

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.