Teacher Retirement System of Texas Cuts Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Teacher Retirement System of Texas trimmed its position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 43.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,148 shares of the company’s stock after selling 5,491 shares during the quarter. Teacher Retirement System of Texas’ holdings in Ollie’s Bargain Outlet were worth $784,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OLLI. Corient Private Wealth LLC boosted its stake in shares of Ollie’s Bargain Outlet by 86.2% in the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock valued at $926,000 after purchasing an additional 3,906 shares during the period. Oak Thistle LLC acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth approximately $1,345,000. JPMorgan Chase & Co. boosted its position in Ollie’s Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after buying an additional 83,882 shares during the period. Van ECK Associates Corp grew its stake in shares of Ollie’s Bargain Outlet by 36.5% in the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock worth $5,120,000 after acquiring an additional 12,476 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth $2,049,000.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of Ollie’s Bargain Outlet stock opened at $113.24 on Monday. The company has a fifty day simple moving average of $105.96 and a 200-day simple moving average of $102.35. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $120.03. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same quarter in the prior year, the company earned $1.23 EPS. The business’s revenue was up 2.8% on a year-over-year basis. On average, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OLLI. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Loop Capital upped their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Bank of America raised their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Truist Financial increased their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Insider Buying and Selling

In other news, CFO Robert F. Helm sold 2,145 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.50, for a total value of $232,732.50. Following the completion of the sale, the chief financial officer now directly owns 3,888 shares of the company’s stock, valued at approximately $421,848. This represents a 35.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John W. Swygert sold 5,232 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $112.51, for a total transaction of $588,652.32. Following the sale, the chairman now owns 48,200 shares of the company’s stock, valued at $5,422,982. This trade represents a 9.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,153 shares of company stock worth $2,200,844 in the last quarter. 0.87% of the stock is owned by insiders.

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.