Retirement Systems of Alabama Acquires 2,978 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Retirement Systems of Alabama raised its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIFree Report) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,261 shares of the company’s stock after purchasing an additional 2,978 shares during the quarter. Retirement Systems of Alabama owned approximately 0.19% of Ollie’s Bargain Outlet worth $8,896,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Precision Wealth Strategies LLC raised its position in Ollie’s Bargain Outlet by 3.0% in the 3rd quarter. Precision Wealth Strategies LLC now owns 5,179 shares of the company’s stock valued at $400,000 after purchasing an additional 149 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Ollie’s Bargain Outlet by 0.7% during the third quarter. Teacher Retirement System of Texas now owns 22,294 shares of the company’s stock worth $1,721,000 after acquiring an additional 151 shares during the last quarter. Sheets Smith Wealth Management raised its position in shares of Ollie’s Bargain Outlet by 2.5% during the third quarter. Sheets Smith Wealth Management now owns 6,461 shares of the company’s stock worth $499,000 after acquiring an additional 158 shares during the last quarter. Covestor Ltd raised its position in shares of Ollie’s Bargain Outlet by 48.0% during the second quarter. Covestor Ltd now owns 530 shares of the company’s stock worth $31,000 after acquiring an additional 172 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Ollie’s Bargain Outlet by 13.9% during the second quarter. Signaturefd LLC now owns 1,507 shares of the company’s stock worth $87,000 after acquiring an additional 184 shares during the last quarter.

Ollie’s Bargain Outlet Trading Up 0.5 %

NASDAQ:OLLI opened at $73.20 on Wednesday. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 0.89 and a beta of 0.80. The stock has a 50-day moving average price of $73.43 and a two-hundred day moving average price of $74.43. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $50.94 and a 1 year high of $83.19.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last posted its quarterly earnings data on Wednesday, December 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.06. The company had revenue of $480.05 million during the quarter, compared to analysts’ expectations of $469.56 million. Ollie’s Bargain Outlet had a return on equity of 11.18% and a net margin of 7.89%. Ollie’s Bargain Outlet’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. Sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 2.83 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on Ollie’s Bargain Outlet from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Thursday, December 7th. TheStreet downgraded Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a report on Thursday, December 14th. The Goldman Sachs Group upgraded Ollie’s Bargain Outlet from a “neutral” rating to a “buy” rating and upped their price objective for the company from $75.00 to $83.00 in a report on Tuesday, October 17th. StockNews.com initiated coverage on Ollie’s Bargain Outlet in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, Truist Financial dropped their price objective on Ollie’s Bargain Outlet from $84.00 to $78.00 and set a “hold” rating for the company in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Hold” and an average target price of $79.23.

Get Our Latest Report on Ollie’s Bargain Outlet

Insider Transactions at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 2,342 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $75.23, for a total transaction of $176,188.66. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,626,086. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.86% of the stock is owned by insiders.

About Ollie’s Bargain Outlet

(Free Report)

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

See Also

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

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