Nomura Holdings Inc. Invests $3.02 Million in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)

Nomura Holdings Inc. acquired a new position in shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 39,775 shares of the company’s stock, valued at approximately $3,019,000. Nomura Holdings Inc. owned about 0.06% of Ollie’s Bargain Outlet as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moran Wealth Management LLC purchased a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $10,686,000. AGF Management Ltd. purchased a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $2,835,000. Louisiana State Employees Retirement System purchased a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $1,313,000. Envestnet Asset Management Inc. boosted its position in Ollie’s Bargain Outlet by 38.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 145,618 shares of the company’s stock worth $11,239,000 after purchasing an additional 40,819 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Ollie’s Bargain Outlet by 8.2% during the 4th quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock worth $15,233,000 after purchasing an additional 15,187 shares during the period.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 2,317 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $78.14, for a total transaction of $181,050.38. Following the completion of the sale, the chief financial officer now directly owns 1,777 shares in the company, valued at $138,854.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Robert F. Helm sold 2,317 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $78.14, for a total value of $181,050.38. Following the completion of the transaction, the chief financial officer now owns 1,777 shares of the company’s stock, valued at approximately $138,854.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Larry Kraus sold 2,928 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $79.00, for a total transaction of $231,312.00. Following the completion of the transaction, the vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $150,495. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,055 shares of company stock worth $4,083,045. Corporate insiders own 0.87% of the company’s stock.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $98.04 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $57.31 and a 12 month high of $99.67. The firm has a market capitalization of $6.00 billion, a PE ratio of 30.93, a P/E/G ratio of 2.57 and a beta of 0.82. The company’s 50 day simple moving average is $77.98 and its 200 day simple moving average is $75.92.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The business had revenue of $508.82 million for the quarter, compared to analyst estimates of $506.49 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

OLLI has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised shares of Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 price objective for the company in a research report on Monday. Truist Financial upped their price objective on shares of Ollie’s Bargain Outlet from $86.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. The Goldman Sachs Group upped their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Bank of America upped their price objective on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Finally, UBS Group increased their price target on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $100.09.

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.