Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 7.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 36,583 shares of the company’s stock after selling 2,800 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ollie’s Bargain Outlet were worth $2,776,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Operose Advisors LLC acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter worth about $26,000. Creative Planning acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $46,000. CWM LLC grew its position in shares of Ollie’s Bargain Outlet by 58.5% during the 3rd quarter. CWM LLC now owns 1,384 shares of the company’s stock valued at $107,000 after acquiring an additional 511 shares during the period. Captrust Financial Advisors grew its position in shares of Ollie’s Bargain Outlet by 81.1% during the 2nd quarter. Captrust Financial Advisors now owns 1,411 shares of the company’s stock valued at $83,000 after acquiring an additional 632 shares during the period. Finally, Harvest Fund Management Co. Ltd purchased a new position in Ollie’s Bargain Outlet in the 3rd quarter valued at about $143,000.

Insider Transactions at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,979,874. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Robert F. Helm sold 2,317 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $78.14, for a total value of $181,050.38. Following the completion of the sale, the chief financial officer now owns 1,777 shares in the company, valued at approximately $138,854.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Swygert sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $3,979,874. The disclosure for this sale can be found here. Insiders sold 22,171 shares of company stock worth $1,722,888 in the last 90 days. Insiders own 0.86% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $73.21 on Monday. The company’s 50 day simple moving average is $76.07 and its two-hundred day simple moving average is $75.09. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 25.07 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $52.93 and a 1-year high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $648.90 million during the quarter, compared to the consensus estimate of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The business’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 EPS. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $90.00 in a research note on Friday, April 5th. JPMorgan Chase & Co. decreased their price target on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. The Goldman Sachs Group raised their price target on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $86.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 21st. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.92.

Ollie’s Bargain Outlet Company 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.