California Public Employees Retirement System Has $6.92 Million Stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

California Public Employees Retirement System trimmed its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet Rating) by 6.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,743 shares of the company’s stock after selling 8,104 shares during the period. California Public Employees Retirement System’s holdings in Ollie’s Bargain Outlet were worth $6,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in Ollie’s Bargain Outlet by 334.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 2,148 shares of the company’s stock valued at $126,000 after purchasing an additional 1,654 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Ollie’s Bargain Outlet by 60.9% during the 2nd quarter. Principal Financial Group Inc. now owns 321,967 shares of the company’s stock valued at $18,916,000 after purchasing an additional 121,871 shares in the last quarter. Xponance Inc. increased its holdings in Ollie’s Bargain Outlet by 11.9% during the 2nd quarter. Xponance Inc. now owns 7,260 shares of the company’s stock valued at $427,000 after purchasing an additional 772 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Ollie’s Bargain Outlet during the 1st quarter valued at $242,000. Finally, Swiss National Bank increased its holdings in Ollie’s Bargain Outlet by 7.0% during the 1st quarter. Swiss National Bank now owns 138,500 shares of the company’s stock valued at $5,950,000 after purchasing an additional 9,100 shares in the last quarter.

Ollie’s Bargain Outlet Stock Up 2.4 %

Shares of Ollie’s Bargain Outlet stock opened at $60.75 on Thursday. The business has a fifty day simple moving average of $55.41 and a 200 day simple moving average of $57.00. The stock has a market cap of $3.80 billion, a PE ratio of 40.77, a price-to-earnings-growth ratio of 1.98 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $37.67 and a 12 month high of $72.27.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. UBS Group lifted their target price on Ollie’s Bargain Outlet to $57.00 in a research note on Tuesday, September 6th. Truist Financial lifted their target price on Ollie’s Bargain Outlet from $40.00 to $50.00 and gave the company a “hold” rating in a research note on Friday, September 2nd. Gordon Haskett assumed coverage on Ollie’s Bargain Outlet in a research note on Monday, October 24th. They issued a “buy” rating and a $60.00 target price for the company. Craig Hallum lowered their target price on Ollie’s Bargain Outlet to $70.00 in a research note on Tuesday, September 6th. Finally, StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Saturday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet has an average rating of “Hold” and a consensus price target of $62.87.

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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