Mutual of America Capital Management LLC Sells 3,557 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Mutual of America Capital Management LLC lowered its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 3.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 113,799 shares of the company’s stock after selling 3,557 shares during the period. Mutual of America Capital Management LLC owned about 0.19% of Ollie’s Bargain Outlet worth $11,172,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Ollie’s Bargain Outlet by 6.4% during the second quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after buying an additional 104 shares during the last quarter. Vista Investment Partners LLC raised its position in Ollie’s Bargain Outlet by 1.8% in the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after acquiring an additional 191 shares during the period. Bridge City Capital LLC raised its position in Ollie’s Bargain Outlet by 0.8% in the first quarter. Bridge City Capital LLC now owns 31,301 shares of the company’s stock worth $2,491,000 after acquiring an additional 240 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $25,000. Finally, Arizona State Retirement System raised its position in shares of Ollie’s Bargain Outlet by 1.5% in the second quarter. Arizona State Retirement System now owns 17,180 shares of the company’s stock valued at $1,687,000 after purchasing an additional 253 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OLLI shares. Truist Financial boosted their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. cut their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Wells Fargo & Company upped their price target on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, June 6th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Finally, Morgan Stanley upped their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average price target of $103.33.

Insider Buying and Selling

In related news, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the sale, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Thomas Hendrickson sold 4,500 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the completion of the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at $551,978.86. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at $284,592.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,653 shares of company stock valued at $2,148,058. 0.87% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $98.13 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98. The firm 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. The business’s 50 day moving average price is $95.55 and its 200-day moving average price is $85.79.

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

About Ollie’s Bargain Outlet

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.