Mitsubishi UFJ Asset Management UK Ltd. Has $1.15 Million Stock Holdings in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Mitsubishi UFJ Asset Management UK Ltd. decreased its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,500 shares of the company’s stock after selling 3,000 shares during the quarter. 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 quarter.

A number of other institutional investors also recently modified their holdings of the stock. UMB Bank n.a. raised its holdings in shares of Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after acquiring an additional 110 shares in the last quarter. Trust Point Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 1.0% during the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after buying an additional 134 shares during the last quarter. FORA Capital LLC increased its holdings in Ollie’s Bargain Outlet by 3.2% in the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock worth $467,000 after buying an additional 148 shares during the last quarter. GAMMA Investing LLC raised its position in Ollie’s Bargain Outlet by 37.9% during 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 in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Ollie’s Bargain Outlet by 5.6% in the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after acquiring an additional 188 shares during the last quarter.

Analyst Ratings Changes

OLLI has been the topic of several analyst reports. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. Bank of America raised their price objective 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. Finally, Craig Hallum upped their target price on 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $118.62.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $113.66 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The stock has a market cap of $6.97 billion, a PE ratio of 33.93, a PEG ratio of 2.64 and a beta of 0.82. The firm has a 50-day simple moving average of $104.99 and a 200 day simple moving average of $98.85.

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

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,032 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of Ollie’s Bargain Outlet 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 transaction, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at approximately $357,803. The trade was a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,771 shares of company stock valued at $9,650,832 in the last 90 days. 0.87% of the stock is currently owned by company insiders.

Ollie’s Bargain Outlet Company 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.