Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) President Sells $750,293.28 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) President Der Valk Eric Van sold 7,479 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $98.66 on Friday. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 2.54 and a beta of 0.84. The firm has a 50-day moving average of $95.28 and a two-hundred day moving average of $86.82. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. Ollie’s Bargain Outlet’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on OLLI. Bank of America raised their price objective on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Morgan Stanley raised their price target on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. cut their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Piper Sandler restated an “overweight” rating and issued a $107.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, August 30th. Finally, Royal Bank of Canada cut their price target on shares of Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued 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 $103.33.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth about $25,000. ORG Partners LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $28,000. Opal Wealth Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $31,000. Crewe Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter valued at approximately $36,000. Finally, Versant Capital Management Inc bought a new position in Ollie’s Bargain Outlet in the second quarter worth approximately $38,000.

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.