Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Sells $232,732.50 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 2,145 shares of the firm’s stock in a transaction dated 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 owns 3,888 shares of the company’s stock, valued at $421,848. This trade represents a 35.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ollie’s Bargain Outlet Trading Up 1.7 %

NASDAQ OLLI opened at $108.17 on Thursday. The business’s 50-day moving average price is $105.66 and its 200 day moving average price is $102.02. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The company has a market capitalization of $6.63 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released 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 analyst estimates of $674.61 million. During the same period in the prior year, the business posted $1.23 earnings per share. Ollie’s Bargain Outlet’s revenue was up 2.8% on a year-over-year basis. Equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Institutional Trading of Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently made changes to their positions in OLLI. Oak Thistle LLC acquired a new stake in Ollie’s Bargain Outlet during the fourth quarter worth about $1,345,000. JPMorgan Chase & Co. increased its position in Ollie’s Bargain Outlet by 79.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $18,400,000 after purchasing an additional 83,882 shares in the last quarter. Van ECK Associates Corp raised its holdings in Ollie’s Bargain Outlet by 36.5% in the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock valued at $5,120,000 after buying an additional 12,476 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Ollie’s Bargain Outlet by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after buying an additional 5,438 shares in the last quarter. Finally, Fred Alger Management LLC increased its position in shares of Ollie’s Bargain Outlet by 12.1% in the third quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after acquiring an additional 83,063 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on OLLI shares. Loop Capital lifted their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. UBS Group upped their target price on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Truist Financial lifted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price target for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.08.

About Ollie’s Bargain Outlet

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.