Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm Sells 2,139 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 2,139 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.74, for a total transaction of $247,567.86. Following the completion of the sale, the chief financial officer now owns 2,961 shares in the company, valued at approximately $342,706.14. This trade represents a 41.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ollie’s Bargain Outlet Stock Down 3.6 %

NASDAQ OLLI opened at $113.29 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $70.17 and a 52 week high of $120.03. The firm has a 50 day moving average of $106.42 and a two-hundred day moving average of $102.90. The stock 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 (NASDAQ:OLLI) last issued its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same quarter in the previous year, the firm posted $1.23 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors have recently modified their holdings of OLLI. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Ollie’s Bargain Outlet by 173.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company’s stock worth $509,671,000 after purchasing an additional 2,948,393 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after acquiring an additional 1,235,994 shares during the period. Norges Bank purchased a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth approximately $80,741,000. Stephens Investment Management Group LLC purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at $78,356,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at about $48,633,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OLLI shares. Loop Capital lifted their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Morgan Stanley lifted their price target on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Piper Sandler decreased their price objective on Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Truist Financial upped their target price on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Company 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.