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 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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