Teacher Retirement System of Texas Acquires 1,593 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

Teacher Retirement System of Texas boosted its holdings in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 13.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,304 shares of the company’s stock after purchasing an additional 1,593 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ollie’s Bargain Outlet were worth $1,753,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in OLLI. DAVENPORT & Co LLC raised its position in shares of Ollie’s Bargain Outlet by 10.6% during the first quarter. DAVENPORT & Co LLC now owns 2,266 shares of the company’s stock valued at $264,000 after buying an additional 217 shares during the last quarter. Principal Financial Group Inc. grew its stake in Ollie’s Bargain Outlet by 0.3% during the first quarter. Principal Financial Group Inc. now owns 148,303 shares of the company’s stock valued at $17,257,000 after acquiring an additional 441 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Ollie’s Bargain Outlet by 25.5% in the 1st quarter. Bank of New York Mellon Corp now owns 881,996 shares of the company’s stock valued at $102,629,000 after acquiring an additional 179,452 shares during the last quarter. HM Payson & Co. bought a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at $30,000. Finally, State of Michigan Retirement System lifted its stake in Ollie’s Bargain Outlet by 1.4% in the 1st quarter. State of Michigan Retirement System now owns 14,703 shares of the company’s stock worth $1,711,000 after purchasing an additional 200 shares in the last quarter.

Insider Transactions at Ollie’s Bargain Outlet

In related news, SVP Larry Kraus sold 8,921 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $130.31, for a total transaction of $1,162,495.51. Following the completion of the transaction, the senior vice president directly owned 3,679 shares of the company’s stock, valued at approximately $479,410.49. The trade was a 70.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James J. Comitale sold 1,775 shares of the stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $125.75, for a total transaction of $223,206.25. Following the completion of the sale, the senior vice president directly owned 2,898 shares in the company, valued at $364,423.50. This trade represents a 37.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 128,890 shares of company stock worth $17,057,659. 0.87% of the stock is currently owned by insiders.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $124.29 on Tuesday. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 36.03, a price-to-earnings-growth ratio of 2.46 and a beta of 0.41. The stock has a 50 day moving average price of $128.46 and a 200-day moving average price of $124.86. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $86.88 and a one year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.08. The company had revenue of $679.56 million for the quarter, compared to analyst estimates of $658.03 million. Ollie’s Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.Ollie’s Bargain Outlet’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OLLI. Piper Sandler raised their price objective on Ollie’s Bargain Outlet from $123.00 to $150.00 and gave the company an “overweight” rating in a research report on Tuesday, August 19th. Wells Fargo & Company raised their price target on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, August 29th. KeyCorp lifted their price objective on Ollie’s Bargain Outlet from $145.00 to $154.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, October 8th. Finally, Bank of America raised their target price on shares of Ollie’s Bargain Outlet from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, August 29th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.00.

About Ollie’s Bargain Outlet

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.