Texas Permanent School Fund Corp grew its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Free Report) by 32.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 51,909 shares of the company’s stock after acquiring an additional 12,776 shares during the period. Texas Permanent School Fund Corp owned about 0.08% of Ollie’s Bargain Outlet worth $3,008,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC grew its holdings in shares of Ollie’s Bargain Outlet by 30.3% in the fourth quarter. CWM LLC now owns 882 shares of the company’s stock valued at $41,000 after purchasing an additional 205 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Ollie’s Bargain Outlet by 81.1% in the second quarter. Captrust Financial Advisors now owns 1,411 shares of the company’s stock valued at $83,000 after purchasing an additional 632 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $180,000. Y.D. More Investments Ltd acquired a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $188,000. Finally, Utah Retirement Systems acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $200,000.
Analysts Set New Price Targets
A number of research analysts recently weighed in on OLLI shares. JPMorgan Chase & Co. upgraded shares of Ollie’s Bargain Outlet from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $56.00 to $66.00 in a report on Monday, April 17th. Bank of America boosted their price target on shares of Ollie’s Bargain Outlet from $70.00 to $72.00 in a report on Thursday, June 8th. StockNews.com assumed coverage on shares of Ollie’s Bargain Outlet in a report on Thursday, May 18th. They set a “hold” rating for the company. 22nd Century Group reiterated a “maintains” rating on shares of Ollie’s Bargain Outlet in a report on Thursday, June 8th. Finally, Loop Capital boosted their price target on shares of Ollie’s Bargain Outlet from $58.00 to $60.00 in a report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.15.
Ollie’s Bargain Outlet Price Performance
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its quarterly earnings results on Wednesday, June 7th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Ollie’s Bargain Outlet had a net margin of 6.45% and a return on equity of 8.92%. The firm had revenue of $459.10 million during the quarter, compared to the consensus estimate of $451.37 million. During the same quarter in the prior year, the firm earned $0.20 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 2.61 earnings per share for the current year.
Ollie’s Bargain Outlet Profile
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.
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