New Mexico Educational Retirement Board Lowers Stake In Ollies Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

New Mexico Educational Retirement Board Lowers Stake In Ollies Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

New Mexico State Scholarship Board Ollie's Bargain Outlet Holdings, Inc. trimmed its position in shares of (NASDAQ:OLLI – Get Rating ) by 22.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,200 shares of the company’s stock after selling 2,600 shares during the quarter. New Mexico Retirement Education Board's holdings in Ollie's Bargain Outlet were worth $541,000 as of its most recent SEC filing.

Several large investors have added to or reduced their stakes in companies. Fifth Third Bancorp grew its holdings in Ollie's Bargain Outlet by 19.2% in the first quarter. Fifth Third Bancorp now owns 1,302 shares of the company’s stock worth $56,000 after purchasing an additional 210 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Ollie's Bargain Outlet by 5.0% in the first quarter. Crossmark Global Holdings Inc. after buying an additional 270 shares during the last quarter. now owns 5,641 shares of the company's stock, valued at $242,000. Commerce Bank boosted its holdings in Ollie Bergen Outlet by 8.5% in the first quarter. Commerce Bank now owns 5,977 shares of the company’s stock worth $257,000 after purchasing an additional 468 shares during the last quarter. Formidable Asset Management LLC grew its holdings in Ollie's Bargain Outlet by 6.6% in the first quarter. Formidable Asset Management LLC now owns 8,156 shares of the company’s stock worth $350,000 after purchasing an additional 508 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. Olly raised its holdings in Bergen Outlets by 3.1% in the first quarter. Campbell Newman Asset Management Inc. now owns 17,139 shares of the company’s stock valued at $736,000 after purchasing an additional 510 shares in the last quarter.

Analysts have set new price targets

OLLI has been the subject of several analyst reports. Truist Financial upped their target price on shares of Ollie's Bargain Outlet from $40.00 to $50.00 and gave the company a hold rating in a research report on Friday, September 2nd. JP Morgan Chase & Co. Ollie's boosted their price objective on shares of Bargain Outlet from $40.00 to $54.00 in a research report on Friday, September 16th. Craig Hullum reduced their price target on shares of Ollie's Bargain Outlet to $70.00 in a report on Tuesday, September 6th. Piper Sandler decreased their target price on shares of Ollie's Bargain Outlet to $75.00 in a report on Tuesday, September 6th. Finally, StockNews.com lowered shares of Ollie's Bargain Outlet from a hold rating to a sell rating in a research note on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $63.07, based on data from MarketBeat.

Profitable exit price Ollie

NASDAQ:OLLI opened at $52.99 on Friday. Ollie's Bargain Outlet Holdings, Inc. The 1 year low is $37.67 and the 1 year high is $75.27. The company has a 50-day moving average of $59.24 and a 200-day moving average of $55.51. The company has a market cap of $3.32 billion, a PE of 35.56, a price-to-earnings-growth ratio of 1.84 and a beta of 0.82.

Ollie's Bargain Outlet (NASDAQ:OLLI – Get Ratings ) last issued its quarterly earnings data on Thursday, September 1st. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.11). Ollie's Bargain Outlet had a return on equity of 7.15% and a net margin of 5.42%. The company had revenue of $452.40 million for the quarter, compared to analysts’ expectations of $457.43 million. The company earned $0.52 per share during the same period last year. Compared to the same quarter of the previous year, the company's revenue increased by 8.8%. Ollie's Bargain Outlet Holdings, Inc. Sell-side analysts It will post 1.78 EPS for the current fiscal year.

Profile of Ollie's Discount Store

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Ollie's Bargain Outlet Holdings, Inc. engages in retail trade of branded goods. The company offers household products, bedding and bath, food, flooring, health and beauty products, books and stationery, toys and electronics; and other products including hardware, candy, apparel, sports, pets, and lawn and garden products.

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Ollie's Bargain Outlet ( NASDAQ:OLLI ) institutional ownership on the block.

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