Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $132,707.16 in Stock


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Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 1,517 shares of the business’s stock in a transaction that occurred on Thursday, April 1st. The shares were sold at an average price of $87.48, for a total value of $132,707.16. Following the completion of the sale, the chief executive officer now owns 25,156 shares of the company’s stock, valued at approximately $2,200,646.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of OLLI opened at $86.56 on Thursday. The company’s fifty day moving average price is $88.51 and its 200-day moving average price is $89.08. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $50.84 and a 1-year high of $123.52. The firm has a market capitalization of $5.67 billion, a PE ratio of 25.02, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 17th. The company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.12. Ollie’s Bargain Outlet had a return on equity of 16.64% and a net margin of 13.31%. The business had revenue of $515.80 million for the quarter, compared to the consensus estimate of $487.74 million. During the same quarter in the previous year, the business earned $0.74 EPS. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.04 EPS for the current fiscal year.

A number of research firms have weighed in on OLLI. Morgan Stanley cut Ollie’s Bargain Outlet from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $86.00 to $80.00 in a research report on Wednesday, January 20th. Royal Bank of Canada cut their target price on Ollie’s Bargain Outlet from $109.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, March 25th. Craig Hallum increased their price target on shares of Ollie’s Bargain Outlet from $100.00 to $117.00 and gave the company a “buy” rating in a research report on Thursday, March 25th. Piper Sandler lifted their price objective on shares of Ollie’s Bargain Outlet from $94.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, March 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $109.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 16th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Ollie’s Bargain Outlet has a consensus rating of “Hold” and an average target price of $94.13.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Junto Capital Management LP purchased a new position in Ollie’s Bargain Outlet during the 4th quarter worth approximately $69,321,000. Norges Bank acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth $43,479,000. Voloridge Investment Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 74.4% during the third quarter. Voloridge Investment Management LLC now owns 337,418 shares of the company’s stock worth $29,473,000 after purchasing an additional 143,979 shares during the last quarter. BlackRock Inc. boosted its holdings in Ollie’s Bargain Outlet by 2.7% in the fourth quarter. BlackRock Inc. now owns 4,880,758 shares of the company’s stock valued at $399,101,000 after purchasing an additional 127,576 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Ollie’s Bargain Outlet by 109.1% during the 4th quarter. First Trust Advisors LP now owns 237,421 shares of the company’s stock worth $19,414,000 after purchasing an additional 123,856 shares during the period.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Insider Buying and Selling by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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