First Hawaiian Bank Purchases New Position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

First Hawaiian Bank acquired a new position in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) during the 4th quarter, HoldingsChannel reports. The fund acquired 19,145 shares of the company’s stock, valued at approximately $2,101,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Canandaigua National Bank & Trust Co. purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter worth $248,000. Nordea Investment Management AB boosted its stake in shares of Ollie’s Bargain Outlet by 3.1% during the 4th quarter. Nordea Investment Management AB now owns 78,400 shares of the company’s stock worth $8,669,000 after acquiring an additional 2,354 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Ollie’s Bargain Outlet by 35.9% during the 4th quarter. GAMMA Investing LLC now owns 885 shares of the company’s stock valued at $97,000 after acquiring an additional 234 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Ollie’s Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after purchasing an additional 83,882 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its holdings in Ollie’s Bargain Outlet by 464.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 17,135 shares of the company’s stock worth $1,621,000 after purchasing an additional 14,101 shares during the period.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $104.45 on Thursday. The stock has a 50 day moving average price of $103.37 and a 200 day moving average price of $98.44. The stock has a market cap of $6.40 billion, a PE ratio of 31.18, a P/E/G ratio of 2.79 and a beta of 0.82. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping 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 business had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on OLLI. Wells Fargo & Company boosted their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Bank of America increased their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada reissued an “outperform” rating and set a $130.00 target price on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. Finally, 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.62.

Insider Activity

In other news, Director Thomas Hendrickson sold 6,250 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John W. Swygert sold 2,400 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $102.54, for a total value of $246,096.00. Following the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,942,428. The trade was a 4.74 % 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 in the last 90 days. Company insiders own 0.87% of the company’s stock.

About Ollie’s Bargain Outlet

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.