Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $246,096.00 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 2,400 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $102.54, for a total transaction of $246,096.00. Following the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $4,942,428. This represents a 4.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $111.19 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $115.98. The stock has a market cap of $6.81 billion, a PE ratio of 33.19, a PEG ratio of 2.81 and a beta of 0.85. The firm has a 50-day simple moving average of $95.95 and a 200 day simple moving average of $94.95.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on OLLI. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price target for the company from $105.00 to $107.00 in a report on Monday, August 26th. Craig Hallum upped their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler lifted their price target on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday. Loop Capital upped their price objective on shares of Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.58.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

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

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.