Mutual of America Capital Management LLC Trims Stock Position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Mutual of America Capital Management LLC reduced its stake in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 108,604 shares of the company's stock after selling 6,083 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.18% of Ollie's Bargain Outlet worth $11,917,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC grew its holdings in Ollie's Bargain Outlet by 7,676.0% in the third quarter. International Assets Investment Management LLC now owns 19,440 shares of the company's stock worth $1,890,000 after purchasing an additional 19,190 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Ollie's Bargain Outlet by 7.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,966 shares of the company's stock valued at $385,000 after acquiring an additional 283 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Ollie's Bargain Outlet by 44.9% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,413 shares of the company's stock worth $232,000 after buying an additional 748 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Ollie's Bargain Outlet by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 7,145 shares of the company's stock valued at $694,000 after acquiring an additional 480 shares in the last quarter. Finally, US Bancorp DE grew its stake in Ollie's Bargain Outlet by 2.4% during the third quarter. US Bancorp DE now owns 30,021 shares of the company's stock valued at $2,918,000 after acquiring an additional 714 shares in the last quarter.

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Analyst Ratings Changes

Several research analysts have commented on the stock. StockNews.com downgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. Piper Sandler upped their price objective on Ollie's Bargain Outlet from $107.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their target price on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Royal Bank of Canada restated an "outperform" rating and issued a $130.00 price target on shares of Ollie's Bargain Outlet in a research report on Monday, December 23rd. Finally, Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their price objective for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and an average target price of $118.07.

Ollie's Bargain Outlet Price Performance

OLLI stock traded up $1.99 during mid-day trading on Wednesday, reaching $105.38. The company had a trading volume of 808,086 shares, compared to its average volume of 975,193. The firm has a 50 day moving average of $106.84 and a 200 day moving average of $100.84. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The company has a market capitalization of $6.46 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $518.83 million. During the same period in the previous year, the company posted $0.51 EPS. Ollie's Bargain Outlet's revenue was up 7.8% on a year-over-year basis. Analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insider Buying and Selling at Ollie's Bargain Outlet

In related news, SVP Larry Kraus sold 10,646 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the transaction, the senior vice president now directly owns 1,905 shares of the company's stock, valued at $220,179.90. This trade represents a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,939 shares of company stock valued at $8,745,031. Company insiders own 0.87% of the company's stock.

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.