State of Alaska Department of Revenue Has $694,000 Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

State of Alaska Department of Revenue lifted its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 7.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,145 shares of the company’s stock after buying an additional 480 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ollie’s Bargain Outlet were worth $694,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $25,000. ORG Partners LLC bought a new stake in Ollie’s Bargain Outlet during the 1st quarter worth approximately $28,000. Opal Wealth Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $31,000. Crewe Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $36,000. Finally, Versant Capital Management Inc bought a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $38,000.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction dated 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 directly owns 2,021 shares in the company, valued at $191,348.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,880 shares of company stock valued at $2,462,470. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Loop Capital restated a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Truist Financial increased their price target on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. UBS Group increased their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Bank of America increased their price objective on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.92.

Ollie’s Bargain Outlet Stock Up 0.9 %

NASDAQ:OLLI opened at $95.73 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98. The firm has a market capitalization of $5.87 billion, a P/E ratio of 29.19, a P/E/G ratio of 2.37 and a beta of 0.84. The stock’s fifty day simple moving average is $94.38 and its 200-day simple moving average is $90.87.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same period last year, the company earned $0.67 EPS. The firm’s revenue was up 12.4% on a year-over-year basis. As a group, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

Ollie’s Bargain Outlet Company Profile

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.