Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $413,320.32 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 4,032 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. This trade represents a 7.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $100.90 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98. The business has a 50 day simple moving average of $94.82 and a 200 day simple moving average of $92.65. The firm has a market capitalization of $6.19 billion, a P/E ratio of 30.76, a P/E/G ratio of 2.50 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. Research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Bank of America lifted their price target on 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. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. UBS Group lifted their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Royal Bank of Canada boosted their price target on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $104.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at $31,000. Crewe Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at $36,000. Versant Capital Management Inc acquired a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $38,000. Finally, GAMMA Investing LLC grew its stake in shares of Ollie’s Bargain Outlet by 686.7% in the second quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock worth $46,000 after purchasing an additional 412 shares in the last quarter.

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.