Teachers Retirement System of The State of Kentucky Cuts Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,722 shares of the company’s stock after selling 540 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Ollie’s Bargain Outlet were worth $1,820,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. D. E. Shaw & Co. Inc. increased its stake in Ollie’s Bargain Outlet by 953.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after acquiring an additional 512,928 shares during the last quarter. Holocene Advisors LP increased its position in Ollie’s Bargain Outlet by 10,159.3% during the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after purchasing an additional 466,818 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in Ollie’s Bargain Outlet by 199.3% in the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock valued at $54,981,000 after buying an additional 372,914 shares during the period. Wellington Management Group LLP lifted its position in Ollie’s Bargain Outlet by 155.8% during the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock valued at $46,952,000 after buying an additional 294,217 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in Ollie’s Bargain Outlet during the third quarter worth approximately $16,590,000.

Insider Activity at Ollie’s Bargain Outlet

In related news, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. This represents a 54.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the transaction, the president now directly owns 5,615 shares in the company, valued at $563,296.80. This represents a 57.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,755 shares of company stock valued at $8,680,862. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of research reports. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $105.00 to $107.00 in a report on Monday, August 26th. Craig Hallum upped their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Truist Financial raised their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company upped their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Finally, Piper Sandler increased their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.58.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $114.38 on Tuesday. The stock has a market capitalization of $7.01 billion, a PE ratio of 34.14, a P/E/G ratio of 2.79 and a beta of 0.85. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $116.18. The firm’s fifty day moving average price is $96.68 and its 200 day moving average price is $95.65.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter last year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal 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.