Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Teachers Retirement System of The State of Kentucky decreased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 42.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,782 shares of the company’s stock after selling 13,116 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ollie’s Bargain Outlet were worth $2,283,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Wasatch Advisors LP boosted its position in shares of Ollie’s Bargain Outlet by 1.2% during the second quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock valued at $535,310,000 after buying an additional 49,603 shares during the period. Invesco Ltd. increased its position in Ollie’s Bargain Outlet by 55.5% during the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after purchasing an additional 911,364 shares during the period. Hood River Capital Management LLC raised its stake in Ollie’s Bargain Outlet by 165.4% in the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after buying an additional 773,013 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ollie’s Bargain Outlet by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company’s stock worth $150,284,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 14.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 950,770 shares of the company’s stock valued at $125,293,000 after buying an additional 122,027 shares in the last quarter.

Ollie’s Bargain Outlet Trading Up 0.4%

Ollie’s Bargain Outlet stock opened at $109.23 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $97.04 and a 12 month high of $141.74. The stock’s 50 day simple moving average is $111.53 and its two-hundred day simple moving average is $120.27. The firm has a market cap of $6.70 billion, a PE ratio of 30.17, a P/E/G ratio of 1.66 and a beta of 0.53.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The business had revenue of $613.62 million for the quarter, compared to analyst estimates of $613.63 million. During the same period in the prior year, the company posted $0.58 EPS. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on OLLI shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Craig Hallum reaffirmed a “buy” rating and set a $157.00 target price on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Wells Fargo & Company lowered their price target on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, December 19th. Piper Sandler restated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Twelve analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus price target of $142.14.

Insider Activity at Ollie’s Bargain Outlet

In other news, Chairman John W. Swygert sold 1,126 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $112.06, for a total value of $126,179.56. Following the completion of the sale, the chairman directly owned 48,200 shares in the company, valued at $5,401,292. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by company insiders.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.