California Public Employees Retirement System Has $6.92 Million Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

California Public Employees Retirement System reduced its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet Rating) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,743 shares of the company’s stock after selling 8,104 shares during the period. California Public Employees Retirement System owned about 0.19% of Ollie’s Bargain Outlet worth $6,917,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OLLI. Royal London Asset Management Ltd. acquired a new position in Ollie’s Bargain Outlet in the 1st quarter worth about $41,301,000. Wolf Hill Capital Management LP acquired a new position in Ollie’s Bargain Outlet in the 1st quarter worth about $34,979,000. J. Goldman & Co LP acquired a new position in Ollie’s Bargain Outlet in the 1st quarter worth about $32,824,000. Bank of New York Mellon Corp increased its position in Ollie’s Bargain Outlet by 52.7% in the 1st quarter. Bank of New York Mellon Corp now owns 1,797,053 shares of the company’s stock worth $77,201,000 after purchasing an additional 620,546 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 1st quarter valued at about $17,880,000.

Ollie’s Bargain Outlet Trading Up 2.4 %

Shares of OLLI stock opened at $60.75 on Thursday. The stock has a 50 day moving average of $55.41 and a two-hundred day moving average of $57.00. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $37.67 and a 12 month high of $72.27. The company has a market capitalization of $3.80 billion, a P/E ratio of 40.77, a P/E/G ratio of 1.98 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Rating) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.11). Ollie’s Bargain Outlet had a return on equity of 7.15% and a net margin of 5.42%. The firm had revenue of $452.40 million during the quarter, compared to the consensus estimate of $457.43 million. During the same quarter in the prior year, the business posted $0.52 EPS. Ollie’s Bargain Outlet’s revenue was up 8.8% compared to the same quarter last year. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of analyst reports. UBS Group increased their price objective on Ollie’s Bargain Outlet to $57.00 in a report on Tuesday, September 6th. Truist Financial increased their price objective on Ollie’s Bargain Outlet from $40.00 to $50.00 and gave the company a “hold” rating in a report on Friday, September 2nd. Craig Hallum lowered their price objective on Ollie’s Bargain Outlet to $70.00 in a report on Tuesday, September 6th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Saturday, November 12th. Finally, JPMorgan Chase & Co. increased their price objective on Ollie’s Bargain Outlet from $40.00 to $54.00 in a report on Friday, September 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.87.

Ollie’s Bargain Outlet Company Profile

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Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. 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.

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Institutional Ownership by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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