Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Sells 2,401 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 2,401 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the transaction, the chief financial officer now owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ollie’s Bargain Outlet Stock Down 1.1 %

NASDAQ OLLI opened at $90.79 on Thursday. The stock has a market capitalization of $5.57 billion, a P/E ratio of 27.68, a P/E/G ratio of 2.35 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98. The firm has a 50-day moving average price of $95.26 and a 200 day moving average price of $89.48.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same period in the prior year, the business posted $0.67 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several research analyst reports. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday. Loop Capital reissued a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Truist Financial increased their price objective on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Bank of America upped their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.92.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently bought and sold shares of OLLI. Dumont & Blake Investment Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at about $604,000. International Assets Investment Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 7,676.0% during the 3rd quarter. International Assets Investment Management LLC now owns 19,440 shares of the company’s stock valued at $1,890,000 after acquiring an additional 19,190 shares during the period. Trust Point Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 1.0% in the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock worth $1,281,000 after acquiring an additional 134 shares during the period. Inspire Investing LLC increased its stake in Ollie’s Bargain Outlet by 18.8% in the 3rd quarter. Inspire Investing LLC now owns 4,241 shares of the company’s stock valued at $412,000 after purchasing an additional 672 shares in the last quarter. Finally, City Center Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the third quarter worth $309,000.

About Ollie’s Bargain Outlet

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.