First Hawaiian Bank Purchases Shares of 19,145 Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

First Hawaiian Bank bought a new stake in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,145 shares of the company’s stock, valued at approximately $2,101,000.

A number of other institutional investors and hedge funds have also made changes to their positions in OLLI. GAMMA Investing LLC increased its stake in shares of Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new stake in Ollie’s Bargain Outlet in the third quarter worth about $117,000. LRI Investments LLC boosted its holdings in Ollie’s Bargain Outlet by 2,356.1% during the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after acquiring an additional 1,343 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Ollie’s Bargain Outlet in the third quarter worth about $151,000. Finally, Quest Partners LLC bought a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at about $196,000.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. This trade represents a 54.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO John W. Swygert sold 54,318 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $5,275,008. This trade represents a 52.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,172 shares of company stock worth $9,878,158. Company insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $104.45 on Thursday. The business’s 50-day moving average is $103.37 and its 200 day moving average is $98.44. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03. The firm has a market capitalization of $6.40 billion, a P/E ratio of 31.18, a P/E/G ratio of 2.79 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data 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. The firm had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analyst Upgrades and Downgrades

OLLI has been the subject of several research analyst reports. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Saturday, December 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $130.00 target price on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Bank of America raised their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Craig Hallum increased their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Truist Financial boosted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.62.

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.