Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Purchased by First Horizon Advisors Inc.

First Horizon Advisors Inc. boosted its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 25.0% in the 3rd quarter, Holdings Channel reports. The firm owned 1,678 shares of the company’s stock after purchasing an additional 336 shares during the period. First Horizon Advisors Inc.’s holdings in Ollie’s Bargain Outlet were worth $107,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. AlphaCrest Capital Management LLC boosted its position in Ollie’s Bargain Outlet by 120.8% in the 2nd quarter. AlphaCrest Capital Management LLC now owns 8,903 shares of the company’s stock valued at $749,000 after buying an additional 4,871 shares during the period. Rockefeller Capital Management L.P. boosted its position in Ollie’s Bargain Outlet by 28.9% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 9,099 shares of the company’s stock valued at $765,000 after buying an additional 2,040 shares during the period. Great Lakes Advisors LLC boosted its position in Ollie’s Bargain Outlet by 35.6% in the 2nd quarter. Great Lakes Advisors LLC now owns 340,222 shares of the company’s stock valued at $28,623,000 after buying an additional 89,247 shares during the period. New York State Teachers Retirement System boosted its position in Ollie’s Bargain Outlet by 7.0% in the 3rd quarter. New York State Teachers Retirement System now owns 53,381 shares of the company’s stock valued at $3,218,000 after buying an additional 3,481 shares during the period. Finally, Menard Financial Group LLC purchased a new position in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $221,000.

Shares of OLLI opened at $45.20 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $44.80 and a 1-year high of $123.52. The stock has a market cap of $2.85 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.70 and a beta of 1.25. The firm has a fifty day moving average price of $55.83 and a 200 day moving average price of $69.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, December 2nd. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.13). Ollie’s Bargain Outlet had a net margin of 10.03% and a return on equity of 12.85%. The company had revenue of $383.49 million during the quarter, compared to analysts’ expectations of $415.22 million. During the same period last year, the firm earned $0.65 earnings per share. Ollie’s Bargain Outlet’s revenue was down 7.5% on a year-over-year basis. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 2.33 earnings per share for the current fiscal year.

Several brokerages have commented on OLLI. Zacks Investment Research raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating and set a $72.00 price target for the company in a research report on Wednesday, October 27th. Truist began coverage on shares of Ollie’s Bargain Outlet in a research report on Thursday. They issued a “hold” rating and a $50.00 price target for the company. Truist Securities initiated coverage on shares of Ollie’s Bargain Outlet in a research report on Thursday. They issued a “hold” rating and a $50.00 price target for the company. The Goldman Sachs Group cut shares of Ollie’s Bargain Outlet from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $77.00 to $48.00 in a research report on Tuesday, December 14th. Finally, Morgan Stanley decreased their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $55.00 and set an “equal weight” rating for the company in a research report on Thursday, December 9th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Hold” and a consensus price target of $63.17.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

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Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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