Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,604 shares of the company’s stock after selling 6,083 shares during the period. Mutual of America Capital Management LLC’s holdings in Ollie’s Bargain Outlet were worth $11,917,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Congress Asset Management Co. raised its holdings in shares of Ollie’s Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the last quarter. State Street Corp raised its stake in shares of Ollie’s Bargain Outlet by 2.1% during the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company’s stock valued at $181,866,000 after buying an additional 38,203 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after buying an additional 9,492 shares during the period. Geneva Capital Management LLC lifted its holdings 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 buying an additional 13,369 shares during the period. Finally, Fred Alger Management LLC boosted its stake in shares of Ollie’s Bargain Outlet by 12.1% in the third 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 last quarter.

Insider Transactions at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 2,400 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $102.54, for a total value of $246,096.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $4,942,428. This trade represents a 4.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,939 shares of company stock valued at $8,745,031. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OLLI. Bank of America boosted their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Loop Capital raised their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Piper Sandler upped their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company raised their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $118.07.

Ollie’s Bargain Outlet Trading Up 4.4 %

NASDAQ:OLLI opened at $103.51 on Friday. The firm has a market cap of $6.34 billion, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81. The stock has a 50 day moving average of $107.43 and a two-hundred day moving average of $100.62. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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.