Alaska Permanent Fund Corp Boosts Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Alaska Permanent Fund Corp lifted its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 6,180.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,178 shares of the company’s stock after buying an additional 23,793 shares during the period. Alaska Permanent Fund Corp’s holdings in Ollie’s Bargain Outlet were worth $1,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of OLLI. Operose Advisors LLC bought a new position in Ollie’s Bargain Outlet in the 3rd quarter worth $26,000. CWM LLC raised its holdings in Ollie’s Bargain Outlet by 58.5% in the 3rd quarter. CWM LLC now owns 1,384 shares of the company’s stock worth $107,000 after purchasing an additional 511 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Ollie’s Bargain Outlet in the 3rd quarter worth $143,000. DekaBank Deutsche Girozentrale bought a new stake in Ollie’s Bargain Outlet during the third quarter valued at about $181,000. Finally, Shelton Capital Management bought a new stake in Ollie’s Bargain Outlet during the third quarter valued at about $205,000.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock traded up $0.11 during trading hours on Friday, hitting $74.46. The stock had a trading volume of 569,409 shares, compared to its average volume of 908,205. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $52.93 and a one year high of $84.38. The stock’s 50-day moving average price is $75.79 and its two-hundred day moving average price is $75.09. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 25.54 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $648.90 million during the quarter, compared to analyst estimates of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The firm’s revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business posted $0.84 earnings per share. As a group, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the completion of the transaction, the director now owns 5,659 shares in the company, valued at $409,089.11. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total transaction of $361,450.00. Following the completion of the transaction, the director now owns 5,659 shares in the company, valued at $409,089.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.22, for a total value of $884,286.32. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $3,625,604. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,171 shares of company stock worth $2,084,338. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of recent analyst reports. Craig Hallum raised their price target on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Royal Bank of Canada reissued an “outperform” rating and set a $86.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $90.00 in a report on Friday, April 5th. JPMorgan Chase & Co. decreased their price target on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Finally, Truist Financial raised their price target on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.92.

View Our Latest Analysis on OLLI

Ollie’s Bargain Outlet Profile

(Free Report)

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.

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