Teachers Retirement System of The State of Kentucky Sells 13,116 Shares of Ollie's Bargain Outlet Holdings, Inc. $OLLI

Key Points

• Teachers Retirement System of Kentucky cut its stake in Ollie's by 42.4% in Q3, selling 13,116 shares and leaving 17,782 shares valued at about $2.283 million.
• Several large institutions (including Wasatch, Invesco and Hood River) substantially increased positions, and analysts have a consensus rating of “Moderate Buy” with a $142.14 price target.
• Insider activity and recent results: Chairman John W. Swygert sold 1,126 shares (a 2.28% drop in his ownership), while Ollie's topped EPS estimates in the latest quarter ($0.75 vs. $0.71), saw revenue rise 18.6% YoY, and set FY2025 guidance of 3.81–3.87 EPS.

Teachers Retirement System of The State of Kentucky decreased its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 42.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wasatch Advisors LP grew its position in Ollie's Bargain Outlet by 1.2% in the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company's stock worth $535,310,000 after purchasing an additional 49,603 shares during the period. Invesco Ltd. boosted its stake in shares of Ollie's Bargain Outlet by 55.5% in the 2nd quarter. Invesco Ltd. now owns 2,552,605 shares of the company's stock worth $336,382,000 after buying an additional 911,364 shares during the last quarter. Hood River Capital Management LLC boosted its stake in shares of Ollie's Bargain Outlet by 165.4% in the 2nd 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of Ollie's Bargain Outlet by 0.4% in the second quarter. Geode Capital Management LLC now owns 1,140,234 shares of the company's stock worth $150,284,000 after acquiring an additional 5,000 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Ollie's Bargain Outlet by 14.7% during the second quarter. Ameriprise Financial Inc. now owns 950,770 shares of the company's stock valued at $125,293,000 after acquiring an additional 122,027 shares during the last quarter.

Insider Activity

In other news, Chairman John W. Swygert sold 1,126 shares of the business's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $112.06, for a total value of $126,179.56. Following the transaction, the chairman owned 48,200 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on OLLI. Craig Hallum reissued a "buy" rating and issued a $157.00 target price on shares of Ollie's Bargain Outlet in a research report on Wednesday, December 10th. Wall Street Zen downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating in a report on Sunday, November 9th. UBS Group reduced their target price on shares of Ollie's Bargain Outlet from $141.00 to $130.00 and set a "neutral" rating for the company in a report on Wednesday, December 10th. Loop Capital upgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and lifted their price target for the stock from $130.00 to $135.00 in a research note on Monday, December 22nd. Finally, Piper Sandler reissued an "overweight" rating on shares of Ollie's Bargain Outlet in a research report on Wednesday, December 10th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.14.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock opened at $109.23 on Friday. The stock has a fifty day simple moving average of $111.53 and a two-hundred day simple moving average of $120.27. The firm has a market capitalization of $6.70 billion, a PE ratio of 30.17, a PEG ratio of 1.66 and a beta of 0.53. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $97.04 and a 52-week high of $141.74.

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

About Ollie's Bargain Outlet

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.

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