First Hawaiian Bank Buys 180 Shares of Ollie’s Bargain Outlet Holdings, Inc. $OLLI

First Hawaiian Bank grew its stake in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) by 0.9% in the first quarter, HoldingsChannel.com reports. The fund owned 19,325 shares of the company’s stock after acquiring an additional 180 shares during the period. First Hawaiian Bank’s holdings in Ollie’s Bargain Outlet were worth $2,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $1,561,000. Belpointe Asset Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 1.3% in the 1st quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company’s stock valued at $815,000 after acquiring an additional 91 shares during the last quarter. Intech Investment Management LLC increased its stake in Ollie’s Bargain Outlet by 89.2% during the 1st quarter. Intech Investment Management LLC now owns 23,775 shares of the company’s stock worth $2,766,000 after purchasing an additional 11,210 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Ollie’s Bargain Outlet by 12.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 183,412 shares of the company’s stock worth $21,342,000 after purchasing an additional 19,837 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Ollie’s Bargain Outlet during the 1st quarter worth approximately $359,000.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OLLI. Jefferies Financial Group increased their target price on Ollie’s Bargain Outlet from $111.00 to $135.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. Wells Fargo & Company increased their target price on Ollie’s Bargain Outlet from $105.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Royal Bank Of Canada increased their target price on Ollie’s Bargain Outlet from $144.00 to $149.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Truist Financial increased their target price on Ollie’s Bargain Outlet from $146.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Finally, Morgan Stanley increased their target price on Ollie’s Bargain Outlet from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.46.

Ollie’s Bargain Outlet Stock Down 0.0%

Shares of OLLI opened at $131.53 on Friday. The stock has a market capitalization of $8.06 billion, a P/E ratio of 38.12, a P/E/G ratio of 2.69 and a beta of 0.45. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $86.88 and a twelve month high of $141.74. The company has a 50 day moving average of $132.43 and a 200-day moving average of $119.49.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. The company had revenue of $679.56 million during the quarter, compared to analysts’ expectations of $658.03 million. Ollie’s Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, sell-side analysts anticipate 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 news, SVP James J. Comitale sold 2,117 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $130.00, for a total transaction of $275,210.00. Following the completion of the transaction, the senior vice president directly owned 2,504 shares of the company’s stock, valued at $325,520. This trade represents a 45.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.

Ollie’s Bargain Outlet 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.