Louisiana State Employees Retirement System Cuts Stock Position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI)

Share on StockTwits

Louisiana State Employees Retirement System trimmed its position in Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,300 shares of the company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Ollie’s Bargain Outlet were worth $1,172,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Manchester Capital Management LLC bought a new stake in Ollie’s Bargain Outlet in the first quarter worth $69,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at about $93,000. Advisory Services Network LLC increased its position in shares of Ollie’s Bargain Outlet by 241.8% in the first quarter. Advisory Services Network LLC now owns 1,258 shares of the company’s stock valued at $107,000 after acquiring an additional 890 shares during the period. World Asset Management Inc purchased a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at about $204,000. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at about $205,000. 89.75% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ OLLI opened at $75.70 on Friday. The stock has a market cap of $4.84 billion, a PE ratio of 41.37, a price-to-earnings-growth ratio of 1.66 and a beta of 0.73. The firm has a fifty day moving average price of $84.16 and a 200-day moving average price of $88.69. Ollie’s Bargain Outlet Holdings Inc has a 1 year low of $59.72 and a 1 year high of $103.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.86 and a quick ratio of 0.31.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, June 6th. The company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The company had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $319.24 million. Ollie’s Bargain Outlet had a net margin of 11.10% and a return on equity of 13.49%. Ollie’s Bargain Outlet’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. On average, research analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 2.16 EPS for the current year.

In other Ollie’s Bargain Outlet news, SVP Omar Segura sold 6,102 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $78.49, for a total transaction of $478,945.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kenneth Robert Bertram sold 8,525 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $95.30, for a total transaction of $812,432.50. Following the transaction, the vice president now directly owns 18,967 shares in the company, valued at approximately $1,807,555.10. The disclosure for this sale can be found here. Insiders have sold 24,627 shares of company stock valued at $2,165,878 over the last ninety days. 16.36% of the stock is currently owned by corporate insiders.

Several brokerages recently issued reports on OLLI. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price target for the company from $90.00 to $100.00 in a research report on Wednesday, July 31st. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 6th. ValuEngine lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Dougherty & Co assumed coverage on shares of Ollie’s Bargain Outlet in a research note on Thursday, May 23rd. They set a “buy” rating and a $115.00 price objective on the stock. Finally, Credit Suisse Group upped their target price on shares of Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Ollie’s Bargain Outlet has an average rating of “Hold” and an average target price of $96.38.

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.

Further Reading: What is the strike price in options trading?

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

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.