Public Employees Retirement System of Ohio Sells 8,310 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Public Employees Retirement System of Ohio lowered its position in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 7.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,570 shares of the company's stock after selling 8,310 shares during the quarter. Public Employees Retirement System of Ohio owned 0.17% of Ollie's Bargain Outlet worth $9,970,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. State Street Corp raised its position in Ollie's Bargain Outlet by 2.1% in the third quarter. State Street Corp now owns 1,871,047 shares of the company's stock worth $181,866,000 after purchasing an additional 38,203 shares in the last quarter. Geneva Capital Management LLC grew its stake in shares of Ollie's Bargain Outlet by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company's stock valued at $102,106,000 after purchasing an additional 13,369 shares during the period. American Century Companies Inc. raised its holdings in shares of Ollie's Bargain Outlet by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 780,064 shares of the company's stock worth $76,579,000 after buying an additional 41,605 shares in the last quarter. Fred Alger Management LLC lifted its position in shares of Ollie's Bargain Outlet by 12.1% during the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company's stock worth $75,052,000 after buying an additional 83,063 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Ollie's Bargain Outlet by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock valued at $73,256,000 after buying an additional 5,438 shares in the last quarter.

Ollie's Bargain Outlet Stock Down 2.0 %

NASDAQ:OLLI traded down $2.31 during trading hours on Thursday, hitting $111.19. 1,317,118 shares of the stock were exchanged, compared to its average volume of 1,049,801. The company's 50 day moving average is $95.64 and its two-hundred day moving average is $94.83. The company has a market capitalization of $6.82 billion, a P/E ratio of 33.26, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $115.98.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $517.43 million for the quarter, compared to analysts' expectations of $518.83 million. Ollie's Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. On average, equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on OLLI shares. Truist Financial increased their price objective on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday. Royal Bank of Canada lifted their price target on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company an "outperform" rating in a report on Wednesday. Bank of America boosted their price target on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday. Loop Capital raised their price objective on shares of Ollie's Bargain Outlet from $110.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Wells Fargo & Company boosted their target price on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Ollie's Bargain Outlet presently has an average rating of "Moderate Buy" and an average price target of $116.58.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares of the company's stock, valued at approximately $191,348.28. This represents a 54.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Swygert sold 4,032 shares of Ollie's Bargain Outlet stock in a transaction on Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 95,755 shares of company stock worth $10,165,712 over the last ninety days. Company insiders own 0.87% of the company's stock.

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.