Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $246,096.00 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 2,400 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction of $246,096.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,942,428. The trade was a 4.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Trading Up 13.2 %

Shares of NASDAQ OLLI traded up $12.97 during midday trading on Tuesday, reaching $111.02. The company had a trading volume of 3,750,401 shares, compared to its average volume of 1,045,348. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $113.76. The business’s 50-day simple moving average is $94.99 and its 200 day simple moving average is $94.47. The stock has a market cap of $6.81 billion, a P/E ratio of 33.96, a P/E/G ratio of 2.53 and a beta of 0.85.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on OLLI. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company cut Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $100.00 to $95.00 in a report on Tuesday, December 3rd. JPMorgan Chase & Co. decreased their price target on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Loop Capital restated a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Finally, Bank of America boosted their price objective 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, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.50.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Large investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter valued at $36,000. GAMMA Investing LLC raised its stake in shares of Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 179 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at about $117,000. Finally, LRI Investments LLC boosted its stake in shares of Ollie’s Bargain Outlet by 2,356.1% in the third quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after buying an additional 1,343 shares during the last quarter.

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.