State of New Jersey Common Pension Fund D Trims Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

State of New Jersey Common Pension Fund D lowered its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 27.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,699 shares of the company’s stock after selling 9,850 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Ollie’s Bargain Outlet were worth $2,523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of OLLI. International Assets Investment Management LLC acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $25,000. ORG Partners LLC purchased a new position in shares of Ollie’s Bargain Outlet during the first quarter worth $28,000. Opal Wealth Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the second quarter valued at $31,000. Crewe Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at $36,000. Finally, Versant Capital Management Inc acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth about $38,000.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $98.13 on Thursday. The company’s 50 day simple moving average is $95.55 and its 200-day simple moving average is $85.79. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 30.96, a price-to-earnings-growth ratio of 2.45 and a beta of 0.84.

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

Insider Activity at Ollie’s Bargain Outlet

In related news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 directly owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,653 shares of company stock worth $2,148,058. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on OLLI. JPMorgan Chase & Co. cut their target price on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their target price for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. Royal Bank of Canada reduced their target price on shares of Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Finally, UBS Group increased their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $103.33.

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.