Daiwa Securities Group Inc. Has $2.40 Million Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Daiwa Securities Group Inc. lessened its holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,853 shares of the company’s stock after selling 1,200 shares during the period. Daiwa Securities Group Inc.’s holdings in Ollie’s Bargain Outlet were worth $2,398,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB boosted its position in Ollie’s Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC acquired a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at $26,000. Blue Trust Inc. boosted its position in Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at $58,000. Finally, UMB Bank n.a. boosted its position in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares during the last quarter.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $102.49 on Friday. 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 $6.28 billion, a PE ratio of 30.59, a PEG ratio of 2.21 and a beta of 0.83. The business’s 50-day simple moving average is $105.29 and its 200-day simple moving average is $101.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Wall Street Analyst Weigh In

OLLI has been the subject of a number of research reports. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price objective for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Piper Sandler raised their target price on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Craig Hallum raised their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Loop Capital raised their target price on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Truist Financial raised their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.29.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

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.