8,140 Shares in Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. acquired a new position in shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,140 shares of the company's stock, valued at approximately $893,000.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Ollie's Bargain Outlet by 59.2% during the 3rd quarter. Barclays PLC now owns 41,307 shares of the company's stock worth $4,014,000 after purchasing an additional 15,357 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in Ollie's Bargain Outlet in the fourth quarter worth $504,000. LVW Advisors LLC purchased a new stake in Ollie's Bargain Outlet in the fourth quarter worth $627,000. Diversify Wealth Management LLC increased its holdings in Ollie's Bargain Outlet by 26.8% in the 4th quarter. Diversify Wealth Management LLC now owns 8,651 shares of the company's stock worth $920,000 after acquiring an additional 1,830 shares during the last quarter. Finally, Thrive Wealth Management LLC purchased a new stake in Ollie's Bargain Outlet in the 4th quarter worth about $219,000.

Ollie's Bargain Outlet Price Performance

OLLI stock opened at $120.75 on Tuesday. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $72.22 and a one year high of $123.95. The stock has a market cap of $7.41 billion, a PE ratio of 36.04, a P/E/G ratio of 2.21 and a beta of 0.45. The firm has a 50 day simple moving average of $109.98 and a two-hundred day simple moving average of $106.47.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. During the same quarter last year, the firm posted $1.23 earnings per share. The firm's revenue was up 2.8% on a year-over-year basis. On average, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now owns 22,159 shares of the company's stock, valued at $2,394,944.72. This represents a 22.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,145 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the sale, the chief financial officer now directly owns 3,888 shares of the company's stock, valued at $421,848. This trade represents a 35.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,897 shares of company stock valued at $4,227,970 over the last quarter. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on OLLI. JPMorgan Chase & Co. lifted their price objective on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Monday. Piper Sandler reduced their price objective on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Jefferies Financial Group lowered shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. UBS Group lifted their price objective on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Finally, Royal Bank of Canada lifted their price target on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.23.

Ollie's Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

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