Ollie’s Bargain Outlet Holdings Inc (OLLI) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama raised its stake in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 0.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 108,521 shares of the company’s stock after buying an additional 275 shares during the period. Retirement Systems of Alabama’s holdings in Ollie’s Bargain Outlet were worth $9,260,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OLLI. First Bank & Trust acquired a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $32,000. Rehmann Capital Advisory Group lifted its holdings in shares of Ollie’s Bargain Outlet by 796.7% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,883 shares of the company’s stock worth $125,000 after purchasing an additional 1,673 shares during the period. Bank of Montreal Can lifted its holdings in shares of Ollie’s Bargain Outlet by 11.8% during the fourth quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock worth $136,000 after purchasing an additional 218 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth $147,000. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Ollie’s Bargain Outlet by 92.8% during the third quarter. Glenmede Trust Co. NA now owns 1,897 shares of the company’s stock worth $181,000 after purchasing an additional 913 shares during the period. Hedge funds and other institutional investors own 89.46% of the company’s stock.

In related news, COO John W. Swygert sold 50,000 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, March 15th. The shares were sold at an average price of $79.23, for a total transaction of $3,961,500.00. Following the completion of the transaction, the chief operating officer now owns 52,349 shares of the company’s stock, valued at $4,147,611.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Kenneth Robert Bertram sold 4,000 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $85.42, for a total transaction of $341,680.00. Following the transaction, the vice president now directly owns 19,967 shares of the company’s stock, valued at approximately $1,705,581.14. The disclosure for this sale can be found here. Insiders have sold 318,288 shares of company stock valued at $25,884,568 in the last three months. 20.27% of the stock is owned by insiders.

A number of brokerages have recently commented on OLLI. Zacks Investment Research lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Friday, March 29th. BidaskClub upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Morgan Stanley lifted their price target on shares of Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 27th. Finally, Bank of America reiterated a “buy” rating and set a $87.00 price target (down previously from $98.00) on shares of Ollie’s Bargain Outlet in a report on Wednesday, January 9th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $89.40.

Shares of NASDAQ:OLLI opened at $92.77 on Monday. The firm has a market cap of $5.86 billion, a PE ratio of 50.69, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. Ollie’s Bargain Outlet Holdings Inc has a 52 week low of $59.72 and a 52 week high of $97.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, March 26th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.01. Ollie’s Bargain Outlet had a net margin of 10.88% and a return on equity of 13.71%. The business had revenue of $393.93 million during the quarter, compared to the consensus estimate of $398.13 million. During the same quarter last year, the firm earned $0.51 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 10.4% on a year-over-year basis. Research analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 2.16 EPS for the current year.

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Ollie’s Bargain Outlet Profile

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, health and beauty 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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