Teachers Retirement System of The State of Kentucky Has $699,000 Position in Ollie’s Bargain Outlet Holdings, Inc. (OLLI)

Teachers Retirement System of The State of Kentucky continued to hold its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,400 shares of the company’s stock at the end of the second quarter. Teachers Retirement System of The State of Kentucky’s holdings in Ollie’s Bargain Outlet Holdings were worth $699,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OLLI. Swiss National Bank increased its stake in Ollie’s Bargain Outlet Holdings by 1.7% in the first quarter. Swiss National Bank now owns 79,700 shares of the company’s stock valued at $2,670,000 after acquiring an additional 1,300 shares during the last quarter. Karp Capital Management Corp bought a new position in Ollie’s Bargain Outlet Holdings in the first quarter valued at $221,000. Mason Street Advisors LLC increased its stake in Ollie’s Bargain Outlet Holdings by 7.7% in the first quarter. Mason Street Advisors LLC now owns 11,196 shares of the company’s stock valued at $375,000 after acquiring an additional 798 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Ollie’s Bargain Outlet Holdings by 12.3% in the first quarter. Envestnet Asset Management Inc. now owns 13,154 shares of the company’s stock valued at $440,000 after acquiring an additional 1,440 shares during the last quarter. Finally, Arizona State Retirement System increased its stake in Ollie’s Bargain Outlet Holdings by 1.6% in the first quarter. Arizona State Retirement System now owns 24,900 shares of the company’s stock valued at $834,000 after acquiring an additional 400 shares during the last quarter. 92.20% of the stock is currently owned by institutional investors and hedge funds.

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ OLLI) opened at 45.30 on Monday. The stock’s 50 day moving average price is $45.69 and its 200-day moving average price is $45.69. The company has a market capitalization of $2.78 billion, a PE ratio of 39.05 and a beta of 0.20. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $25.65 and a 52 week high of $46.90.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The firm had revenue of $254.60 million for the quarter, compared to the consensus estimate of $242.85 million. During the same period in the previous year, the firm posted $0.21 EPS. The business’s quarterly revenue was up 20.5% on a year-over-year basis. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post $1.19 earnings per share for the current fiscal year.

A number of research firms recently commented on OLLI. Jefferies Group LLC reissued a “buy” rating and issued a $50.00 target price (up previously from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, August 31st. Zacks Investment Research cut Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Royal Bank Of Canada increased their target price on Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th. KeyCorp reissued a “buy” rating and issued a $50.00 target price on shares of Ollie’s Bargain Outlet Holdings in a research note on Friday, September 29th. Finally, BidaskClub cut Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $47.30.

In other news, CEO Mark L. Butler sold 334,200 shares of the business’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $46.02, for a total value of $15,379,884.00. Following the sale, the chief executive officer now directly owns 4,770,421 shares in the company, valued at approximately $219,534,774.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark L. Butler sold 5,023 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $46.00, for a total transaction of $231,058.00. Following the completion of the sale, the chief executive officer now owns 4,509,395 shares in the company, valued at $207,432,170. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,150,604 shares of company stock worth $52,550,809. Insiders own 22.25% of the company’s stock.

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Ollie’s Bargain Outlet Holdings Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

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