Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells 525 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Der Valk Eric Van sold 525 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $112.94, for a total transaction of $59,293.50. Following the completion of the transaction, the chief executive officer now directly owns 6,793 shares in the company, valued at $767,201.42. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Der Valk Eric Van also recently made the following trade(s):

• On Monday, March 31st, Der Valk Eric Van sold 1,153 shares of Ollie’s Bargain Outlet stock. The shares were sold at an average price of $110.85, for a total transaction of $127,810.05.

Ollie’s Bargain Outlet Stock Down 3.6 %

NASDAQ:OLLI opened at $113.29 on Friday. The firm has a market capitalization of $6.94 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $70.17 and a twelve month high of $120.03. The stock’s 50-day simple moving average is $106.42 and its 200 day simple moving average is $102.90.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly 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). The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.23 earnings per share. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OLLI. First Hawaiian Bank increased its holdings in Ollie’s Bargain Outlet by 0.9% in the 1st quarter. First Hawaiian Bank now owns 19,325 shares of the company’s stock worth $2,249,000 after purchasing an additional 180 shares in the last quarter. 111 Capital bought a new position in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $280,000. Wealth Enhancement Advisory Services LLC boosted its position in Ollie’s Bargain Outlet by 65.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,574 shares of the company’s stock worth $721,000 after buying an additional 2,608 shares during the period. Jefferies Financial Group Inc. boosted its position in Ollie’s Bargain Outlet by 20.3% during the 4th quarter. Jefferies Financial Group Inc. now owns 3,628 shares of the company’s stock worth $398,000 after buying an additional 611 shares during the period. Finally, ABLE Financial Group LLC grew its holdings in Ollie’s Bargain Outlet by 34.3% during the 4th quarter. ABLE Financial Group LLC now owns 8,705 shares of the company’s stock worth $955,000 after acquiring an additional 2,224 shares during the last quarter.

Analyst Ratings Changes

OLLI has been the subject of several recent research reports. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price target for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. Royal Bank of Canada upped their price target on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Bank of America lifted their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Craig Hallum increased their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. boosted their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.