Thomas Hendrickson Sells 6,250 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $117.63 on Friday. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.79 and a beta of 0.85. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $118.95. The company has a 50 day moving average price of $97.49 and a 200 day moving average price of $96.00.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced 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. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same period in the previous year, the firm earned $0.51 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of recent research reports. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $64.00 to $133.00 in a research note on Wednesday. Wells Fargo & Company boosted their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Loop Capital increased their price objective on shares of Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.85.

Institutional Inflows and Outflows

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

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.