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

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 2.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor 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 filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $25,000. Crewe Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at $36,000. GAMMA Investing LLC raised its stake in shares of Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in Ollie’s Bargain Outlet in the third quarter worth about $117,000. Finally, LRI Investments LLC grew its position in Ollie’s Bargain Outlet by 2,356.1% in the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after buying an additional 1,343 shares in the last quarter.

Ollie’s Bargain Outlet Stock Up 1.4 %

NASDAQ:OLLI opened at $114.38 on Tuesday. The stock has a fifty day simple moving average of $96.68 and a 200 day simple moving average of $95.65. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $116.18.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its 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 company had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same period last year, the company posted $0.51 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO John W. Swygert sold 4,032 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,940,982. This trade represents a 7.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the transaction, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This represents a 62.91 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,755 shares of company stock worth $8,680,862. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on OLLI shares. Truist Financial boosted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their target price for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Loop Capital increased their price target on Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company lifted their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Finally, UBS Group upped their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.58.

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.