Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Sells 10,646 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ollie’s Bargain Outlet Price Performance

OLLI stock traded down $0.45 during trading on Wednesday, reaching $114.49. 1,489,569 shares of the company were exchanged, compared to its average volume of 1,055,760. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 2.79 and a beta of 0.85. The company has a 50-day moving average of $97.09 and a two-hundred day moving average of $95.87. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $118.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same period in the prior year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on OLLI. Loop Capital boosted 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 report on Wednesday, December 11th. Craig Hallum lifted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Truist Financial increased their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Bank of America increased their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.85.

Institutional Trading of Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Signaturefd LLC raised its holdings in Ollie’s Bargain Outlet by 6.4% in the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after buying an additional 104 shares during the last quarter. Trust Point Inc. raised its stake in shares of Ollie’s Bargain Outlet by 1.0% during the third quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after acquiring an additional 134 shares during the last quarter. FORA Capital LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 3.2% during the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock worth $467,000 after purchasing an additional 148 shares during the period. GAMMA Investing LLC grew its stake 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 purchasing an additional 179 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Ollie’s Bargain Outlet by 5.6% in the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after purchasing an additional 188 shares during the period.

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.