Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John W. Swygert Sells 6,526 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John W. Swygert sold 6,526 shares of the business’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total transaction of $703,959.62. Following the transaction, the chairman now owns 53,432 shares in the company, valued at $5,763,709.84. This trade represents a 10.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $113.24 on Friday. The company has a market cap of $6.94 billion, a PE ratio of 33.80, a P/E/G ratio of 2.21 and a beta of 0.83. The firm’s 50 day moving average price is $105.96 and its 200-day moving average price is $102.24. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $1.23 EPS. On average, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company’s stock valued at $638,843,000 after buying an additional 70,496 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Ollie’s Bargain Outlet by 173.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company’s stock valued at $509,671,000 after acquiring an additional 2,948,393 shares during the last quarter. Congress Asset Management Co. boosted its stake in Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after acquiring an additional 1,235,994 shares in the last quarter. State Street Corp grew its holdings in Ollie’s Bargain Outlet by 2.1% in the third quarter. State Street Corp now owns 1,871,047 shares of the company’s stock worth $181,866,000 after purchasing an additional 38,203 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Ollie’s Bargain Outlet by 1.1% during the fourth quarter. Invesco Ltd. now owns 1,645,472 shares of the company’s stock worth $180,558,000 after purchasing an additional 17,302 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. UBS Group raised their price target on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their target price for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. JPMorgan Chase & Co. boosted their target price on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Morgan Stanley raised their price target on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.