Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock Position Decreased by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) by 43.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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.

A number of other large investors have also recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its position in Ollie's Bargain Outlet by 86.2% during the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock worth $926,000 after acquiring an additional 3,906 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Ollie's Bargain Outlet in the fourth quarter valued at $1,345,000. JPMorgan Chase & Co. grew its position in shares of Ollie's Bargain Outlet by 79.6% in the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company's stock valued at $18,400,000 after purchasing an additional 83,882 shares during the period. Van ECK Associates Corp increased its stake in 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 valued at $5,120,000 after purchasing an additional 12,476 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in Ollie's Bargain Outlet during the fourth quarter worth about $2,049,000.

Insiders Place Their Bets

In related news, CFO Robert F. Helm sold 2,145 shares of the business's stock in a transaction dated Monday, March 24th. The stock was 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 $421,848. The trade was a 35.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John W. Swygert sold 6,526 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the transaction, the chairman now directly owns 53,432 shares in the company, valued at approximately $5,763,709.84. This represents a 10.88 % 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 three months. 0.87% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OLLI. Morgan Stanley increased their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Bank of America lifted their price target 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. Loop Capital upped their price objective on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Piper Sandler reduced their target price on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. upped their price target on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $123.08.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock traded up $3.67 on Wednesday, hitting $118.22. The stock had a trading volume of 1,160,144 shares, compared to its average volume of 1,107,157. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 2.21 and a beta of 0.83. The stock's 50 day moving average is $106.16 and its 200-day moving average is $102.59.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. During the same period in the previous year, the company earned $1.23 earnings per share. The business's quarterly revenue was up 2.8% on a year-over-year basis. Equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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.