Teachers Retirement System of The State of Kentucky Buys 3,614 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Teachers Retirement System of The State of Kentucky increased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 11.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,267 shares of the company’s stock after purchasing an additional 3,614 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Ollie’s Bargain Outlet were worth $2,186,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Guidance Point Advisors LLC bought a new position in Ollie’s Bargain Outlet during the third quarter valued at approximately $26,000. Van ECK Associates Corp grew its position in Ollie’s Bargain Outlet by 126.0% during the second quarter. Van ECK Associates Corp now owns 782 shares of the company’s stock valued at $66,000 after acquiring an additional 436 shares during the last quarter. Heritage Wealth Management LLC grew its position in Ollie’s Bargain Outlet by 42.8% during the second quarter. Heritage Wealth Management LLC now owns 921 shares of the company’s stock valued at $77,000 after acquiring an additional 276 shares during the last quarter. Signaturefd LLC grew its position in Ollie’s Bargain Outlet by 453.4% during the third quarter. Signaturefd LLC now owns 963 shares of the company’s stock valued at $58,000 after acquiring an additional 789 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in Ollie’s Bargain Outlet by 19.6% during the third quarter. Financial Management Professionals Inc. now owns 1,397 shares of the company’s stock valued at $84,000 after acquiring an additional 229 shares during the last quarter.

NASDAQ OLLI opened at $45.20 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $44.80 and a one year high of $123.52. The stock has a 50-day moving average of $55.83 and a 200 day moving average of $69.61. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 1.68 and a beta of 1.25.

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

A number of research analysts have commented on the stock. UBS Group assumed coverage on shares of Ollie’s Bargain Outlet in a research report on Tuesday, December 14th. They set a “neutral” rating and a $55.00 price target on the stock. Citigroup reduced their price target on shares of Ollie’s Bargain Outlet from $73.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, December 3rd. Loop Capital reduced their price target on shares of Ollie’s Bargain Outlet from $70.00 to $50.00 and set a “hold” rating on the stock in a research report on Monday, December 6th. Truist began coverage on Ollie’s Bargain Outlet in a research note on Thursday. They set a “hold” rating and a $50.00 price objective for the company. Finally, Craig Hallum lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the company from $101.00 to $51.00 in a research note on Friday, December 3rd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $63.17.

Ollie’s Bargain Outlet Company Profile

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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