Teacher Retirement System of Texas Purchases 4,563 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Teacher Retirement System of Texas grew its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 63.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,711 shares of the company’s stock after buying 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 quarter.

A number of other institutional investors have also modified their holdings of OLLI. Hudson Edge Investment Partners Inc. raised its position in Ollie’s Bargain Outlet by 19.9% during the 1st quarter. Hudson Edge Investment Partners Inc. now owns 6,381 shares of the company’s stock worth $742,000 after buying an additional 1,058 shares during the last quarter. DAVENPORT & Co LLC raised its position in Ollie’s Bargain Outlet by 10.6% during the 1st quarter. DAVENPORT & Co LLC now owns 2,266 shares of the company’s stock worth $264,000 after buying an additional 217 shares during the last quarter. ABLE Financial Group LLC raised its position in Ollie’s Bargain Outlet by 2.8% during the 1st quarter. ABLE Financial Group LLC now owns 8,948 shares of the company’s stock worth $1,041,000 after buying an additional 243 shares during the last quarter. Peregrine Capital Management LLC raised its position in Ollie’s Bargain Outlet by 3.4% during the 1st quarter. Peregrine Capital Management LLC now owns 108,604 shares of the company’s stock worth $12,637,000 after buying an additional 3,528 shares during the last quarter. Finally, New York State Teachers Retirement System raised its position in Ollie’s Bargain Outlet by 2.5% during the 1st quarter. New York State Teachers Retirement System now owns 61,299 shares of the company’s stock worth $7,133,000 after buying an additional 1,476 shares during the last quarter.

Ollie’s Bargain Outlet Stock Up 0.3%

NASDAQ OLLI opened at $127.01 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $86.05 and a 52 week high of $134.59. The business’s fifty day simple moving average is $119.11 and its 200-day simple moving average is $111.48. The firm has a market cap of $7.79 billion, a PE ratio of 39.08, a P/E/G ratio of 2.86 and a beta of 0.41.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.70 by $0.05. The business had revenue of $576.77 million for the quarter, compared to analyst estimates of $565.04 million. Ollie’s Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Ollie’s Bargain Outlet from $135.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Piper Sandler reissued an “overweight” rating and issued a $123.00 price target (down previously from $124.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday, June 4th. Morgan Stanley lifted their price target on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, Loop Capital cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 price target on the stock. in a research note on Tuesday, June 24th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.21.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $112.85, for a total value of $82,154.80. Following the completion of the transaction, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at $875,828.85. The trade was a 8.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.75% 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.