Louisiana State Employees Retirement System Increases Stake in Ollie’s Bargain Outlet Holdings Inc (OLLI)

Louisiana State Employees Retirement System grew its position in shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,100 shares of the company’s stock after buying an additional 600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Ollie’s Bargain Outlet were worth $1,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $178,000. Cim LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $204,000. Zeke Capital Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $212,000. Verition Fund Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $214,000. Finally, Alambic Investment Management L.P. acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at about $218,000. Institutional investors and hedge funds own 88.53% of the company’s stock.

OLLI opened at $91.59 on Thursday. Ollie’s Bargain Outlet Holdings Inc has a twelve month low of $42.36 and a twelve month high of $97.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.51 and a quick ratio of 0.31. The company has a market capitalization of $6.03 billion, a P/E ratio of 73.27, a P/E/G ratio of 2.19 and a beta of 0.24.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.48% and a net margin of 12.88%. The firm had revenue of $288.10 million during the quarter, compared to analyst estimates of $284.19 million. During the same period in the previous year, the company earned $0.27 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.75 earnings per share for the current year.

OLLI has been the subject of several research reports. KeyCorp lifted their price target on Ollie’s Bargain Outlet from $80.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, September 6th. Bank of America lowered Ollie’s Bargain Outlet from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $75.50 to $68.00 in a report on Friday, June 22nd. Morgan Stanley set a $75.00 price target on Ollie’s Bargain Outlet and gave the company an “equal weight” rating in a report on Thursday, September 6th. Loop Capital boosted their target price on Ollie’s Bargain Outlet to $85.00 and gave the stock a “hold” rating in a report on Friday, September 7th. Finally, Zacks Investment Research lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $87.81.

In other Ollie’s Bargain Outlet news, SVP Omar Segura sold 23,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $73.55, for a total value of $1,691,650.00. Following the transaction, the senior vice president now directly owns 23,000 shares of the company’s stock, valued at approximately $1,691,650. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Mark L. Butler sold 300,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $67.48, for a total value of $20,244,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 596,087 shares of company stock worth $45,433,363. Company insiders own 20.27% of the company’s stock.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Institutional Ownership by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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