Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Shares Sold by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. trimmed its position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 22.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,500 shares of the company’s stock after selling 3,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Ollie’s Bargain Outlet were worth $1,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in shares of Ollie’s Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after buying an additional 110 shares during the period. GAMMA Investing LLC boosted its stake in Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 179 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $79,000. Northwest & Ethical Investments L.P. acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $117,000. Finally, LRI Investments LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 2,356.1% in the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after purchasing an additional 1,343 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OLLI shares. Piper Sandler increased their target price on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial lifted their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Loop Capital upped their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price target for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Finally, Wells Fargo & Company increased their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.62.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $113.66 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The company has a market capitalization of $6.97 billion, a P/E ratio of 33.93, a PEG ratio of 2.64 and a beta of 0.82. The company’s 50 day simple moving average is $104.99 and its 200 day simple moving average is $98.85.

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

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the transaction, the senior vice president now directly owns 3,140 shares in the company, valued at approximately $357,803. The trade was a 62.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John W. Swygert sold 4,032 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,940,982. The trade was a 7.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,771 shares of company stock valued at $9,650,832. 0.87% of the stock is owned by corporate insiders.

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.