Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 63.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,711 shares of the company's stock after purchasing an additional 4,563 shares during the period. Teacher Retirement System of Texas' holdings in Ollie's Bargain Outlet were worth $1,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OLLI. HighTower Advisors LLC increased its position in Ollie's Bargain Outlet by 37.4% during the 4th quarter. HighTower Advisors LLC now owns 16,406 shares of the company's stock worth $1,800,000 after purchasing an additional 4,466 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Ollie's Bargain Outlet by 666.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,132 shares of the company's stock worth $234,000 after acquiring an additional 1,854 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Ollie's Bargain Outlet by 13.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 13,646 shares of the company's stock worth $1,497,000 after acquiring an additional 1,634 shares during the period. Swiss National Bank grew its holdings in shares of Ollie's Bargain Outlet by 0.9% in the 4th quarter. Swiss National Bank now owns 120,600 shares of the company's stock worth $13,233,000 after acquiring an additional 1,100 shares during the period. Finally, Associated Banc Corp acquired a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth approximately $202,000.

Ollie's Bargain Outlet Trading Down 0.3%

Shares of NASDAQ OLLI traded down $0.39 on Monday, reaching $126.62. 206,255 shares of the company traded hands, compared to its average volume of 1,160,131. Ollie's Bargain Outlet Holdings, Inc. has a fifty-two week low of $86.05 and a fifty-two week high of $134.59. The company has a 50 day moving average of $119.11 and a 200 day moving average of $111.42. The stock has a market capitalization of $7.77 billion, a PE ratio of 39.12, a P/E/G ratio of 2.86 and a beta of 0.41.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. The company had revenue of $576.77 million during the quarter, compared to the consensus estimate of $565.04 million. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The company's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 EPS. As a group, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. UBS Group upped their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Truist Financial boosted their price objective on shares of Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Loop Capital lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price objective on the stock. in a research report on Tuesday, June 24th. Piper Sandler reiterated an "overweight" rating and issued a $123.00 price objective (down from $124.00) on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Finally, Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus price target of $125.21.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $112.85, for a total transaction of $82,154.80. Following the sale, the chief executive officer directly owned 7,761 shares in the company, valued at $875,828.85. The trade was a 8.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.87% of the company's stock.

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.