Ollie’s Bargain Outlet Sees Unusually Large Options Volume (NASDAQ:OLLI)

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) saw some unusual options trading activity on Wednesday. Investors purchased 7,004 put options on the company. This represents an increase of approximately 585% compared to the average daily volume of 1,022 put options.

Insider Activity

In other news, CEO John W. Swygert sold 4,032 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,940,982. This represents a 7.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. This trade represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,912 shares of company stock worth $2,875,790. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC increased its stake in shares of Ollie’s Bargain Outlet by 464.8% during the third quarter. Sanctuary Advisors LLC now owns 17,135 shares of the company’s stock worth $1,621,000 after purchasing an additional 14,101 shares during the period. Virtu Financial LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $969,000. Geode Capital Management LLC increased its holdings in shares of Ollie’s Bargain Outlet by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock worth $104,860,000 after purchasing an additional 9,492 shares during the period. Bullseye Asset Management LLC raised its position in shares of Ollie’s Bargain Outlet by 1.8% in the third quarter. Bullseye Asset Management LLC now owns 55,274 shares of the company’s stock valued at $5,373,000 after buying an additional 1,000 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Ollie’s Bargain Outlet by 59.2% in the third quarter. Barclays PLC now owns 41,307 shares of the company’s stock valued at $4,014,000 after buying an additional 15,357 shares during the period.

Analysts Set New Price Targets

OLLI has been the topic of several research analyst reports. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. UBS Group boosted their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Royal Bank of Canada raised their target price on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Bank of America boosted their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $104.92.

Ollie’s Bargain Outlet Stock Up 0.2 %

NASDAQ:OLLI opened at $101.09 on Friday. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $104.98. The stock’s 50 day moving average price is $94.92 and its two-hundred day moving average price is $92.87. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 2.51 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter in the prior year, the business earned $0.67 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts expect that Ollie’s Bargain Outlet will post 3.27 EPS for the current year.

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.