Teachers Retirement System of The State of Kentucky Sells 1,737 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Teachers Retirement System of The State of Kentucky lowered its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet Rating) by 4.6% in the 1st quarter, HoldingsChannel reports. The firm owned 36,262 shares of the company’s stock after selling 1,737 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ollie’s Bargain Outlet were worth $1,558,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in shares of Ollie’s Bargain Outlet by 52.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,797,053 shares of the company’s stock valued at $77,201,000 after purchasing an additional 620,546 shares in the last quarter. State Street Corp grew its position in shares of Ollie’s Bargain Outlet by 1.2% in the 1st quarter. State Street Corp now owns 1,691,148 shares of the company’s stock worth $72,652,000 after buying an additional 19,381 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of Ollie’s Bargain Outlet by 31.5% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,223,475 shares of the company’s stock worth $62,630,000 after buying an additional 292,977 shares during the last quarter. Royal London Asset Management Ltd. purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $41,301,000. Finally, Geode Capital Management LLC grew its position in shares of Ollie’s Bargain Outlet by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 821,174 shares of the company’s stock worth $42,035,000 after buying an additional 23,775 shares during the last quarter.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $58.47 on Thursday. The firm has a fifty day moving average price of $61.48 and a 200 day moving average price of $54.32. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $37.67 and a 1 year high of $75.27. The stock has a market cap of $3.66 billion, a P/E ratio of 39.24, a P/E/G ratio of 1.99 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) last posted its earnings results on Thursday, September 1st. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.11). Ollie’s Bargain Outlet had a net margin of 5.42% and a return on equity of 7.15%. The firm had revenue of $452.40 million during the quarter, compared to analyst estimates of $457.43 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 1.78 EPS for the current year.

Analysts Set New Price Targets

OLLI has been the topic of a number of analyst reports. Royal Bank of Canada raised shares of Ollie’s Bargain Outlet from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $47.00 to $65.00 in a research report on Thursday, June 9th. JPMorgan Chase & Co. lifted their price objective on shares of Ollie’s Bargain Outlet from $40.00 to $54.00 in a research report on Friday, September 16th. KeyCorp boosted their target price on shares of Ollie’s Bargain Outlet from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 15th. UBS Group boosted their target price on shares of Ollie’s Bargain Outlet to $57.00 in a research report on Tuesday, September 6th. Finally, Piper Sandler dropped their target price on shares of Ollie’s Bargain Outlet to $75.00 in a research report on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Hold” and an average price target of $63.07.

Ollie’s Bargain Outlet Profile

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Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. 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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Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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