Short Interest in Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Declines By 18.8%

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 3,100,000 shares, a decline of 18.8% from the December 31st total of 3,820,000 shares. Approximately 5.1% of the company’s shares are short sold. Based on an average daily trading volume, of 1,130,000 shares, the short-interest ratio is presently 2.7 days.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock traded up $2.42 during mid-day trading on Thursday, reaching $115.01. 45,612 shares of the company traded hands, compared to its average volume of 1,014,264. The firm’s fifty day moving average is $107.63 and its two-hundred day moving average is $99.39. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 2.75 and a beta of 0.82. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. During the same period in the prior year, the firm earned $0.51 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,032 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,940,982. This represents a 7.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the sale, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at $357,803. This represents a 62.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 87,771 shares of company stock worth $9,650,832 over the last 90 days. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its holdings in Ollie’s Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $26,000. Blue Trust Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. UMB Bank n.a. raised its position in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after acquiring an additional 110 shares in the last quarter. Finally, GAMMA Investing LLC increased its position 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 valued at $63,000 after buying an additional 179 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on OLLI shares. Bank of America boosted their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Truist Financial increased their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Loop Capital boosted their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Craig Hallum raised their price objective on 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. Finally, StockNews.com upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.62.

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.