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

First Hawaiian Bank purchased a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,145 shares of the company's stock, valued at approximately $2,101,000.

Several other institutional investors and hedge funds also recently made changes to their positions in OLLI. D. E. Shaw & Co. Inc. boosted its holdings in shares of Ollie's Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company's stock valued at $55,637,000 after buying an additional 512,928 shares during the period. Holocene Advisors LP lifted its position in Ollie's Bargain Outlet by 10,159.3% in the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company's stock valued at $45,821,000 after acquiring an additional 466,818 shares in the last quarter. Wellington Management Group LLP boosted its stake in Ollie's Bargain Outlet by 155.8% in the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company's stock worth $46,952,000 after purchasing an additional 294,217 shares during the period. Loomis Sayles & Co. L P acquired a new position in Ollie's Bargain Outlet in the 3rd quarter worth $16,590,000. Finally, Victory Capital Management Inc. increased its holdings in Ollie's Bargain Outlet by 84.8% during the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company's stock worth $30,505,000 after purchasing an additional 143,996 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Loop Capital upped their price objective on 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. Truist Financial boosted their target price on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. 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. Craig Hallum boosted their price objective on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $130.00 target price on shares of Ollie's Bargain Outlet in a research report on Monday, December 23rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $118.62.

Insiders Place Their Bets

In related 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 completion of the sale, the senior vice president now directly owns 1,905 shares of the company's stock, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the transaction, the senior vice president now directly owns 3,140 shares in the company, valued at approximately $357,803. This represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,172 shares of company stock valued at $9,878,158 over the last ninety days. 0.87% of the stock is currently owned by company insiders.

Ollie's Bargain Outlet Stock Up 0.9 %

Shares of OLLI stock traded up $0.95 on Thursday, reaching $104.45. The stock had a trading volume of 739,876 shares, compared to its average volume of 1,034,695. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 2.79 and a beta of 0.82. The firm's 50-day moving average is $103.37 and its two-hundred day moving average is $98.44.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released 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. 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 quarter in the prior year, the company earned $0.51 earnings per share. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal 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.