Daiwa Securities Group Inc. Reduces Stock Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Daiwa Securities Group Inc. cut its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 9.1% in the third quarter, Holdings Channel.com reports. The firm owned 23,053 shares of the company’s stock after selling 2,300 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ollie’s Bargain Outlet were worth $2,241,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Great Valley Advisor Group Inc. purchased a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at approximately $222,000. Nicolet Advisory Services LLC grew its position in shares of Ollie’s Bargain Outlet by 6.7% in the third quarter. Nicolet Advisory Services LLC now owns 4,510 shares of the company’s stock valued at $433,000 after purchasing an additional 282 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Ollie’s Bargain Outlet by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after acquiring an additional 5,438 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in Ollie’s Bargain Outlet by 0.5% in the third quarter. King Luther Capital Management Corp now owns 110,370 shares of the company’s stock valued at $10,728,000 after acquiring an additional 543 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Ollie’s Bargain Outlet in the third quarter valued at approximately $3,867,000.

Analyst Ratings Changes

OLLI has been the topic of a number of recent analyst reports. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Loop Capital reiterated a “buy” rating and issued a $110.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. UBS Group upped their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Piper Sandler reiterated an “overweight” rating and issued a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. Finally, Royal Bank of Canada upped their price objective on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.92.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,032 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. This trade represents a 7.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,912 shares of company stock valued at $2,875,790 over the last quarter. 0.87% of the stock is owned by insiders.

Ollie’s Bargain Outlet Trading Up 0.2 %

Ollie’s Bargain Outlet stock opened at $101.09 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $104.98. The stock’s fifty day simple moving average is $94.92 and its 200-day simple moving average is $92.87. The firm has a market capitalization of $6.20 billion, a P/E ratio of 30.82, a P/E/G ratio of 2.50 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same quarter in the prior year, the company earned $0.67 earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. Sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

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.