Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CEO Der Valk Eric Van sold 525 shares of the firm's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $112.94, for a total transaction of $59,293.50. Following the completion of the transaction, the chief executive officer now owns 6,793 shares in the company, valued at approximately $767,201.42. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Der Valk Eric Van also recently made the following trade(s):
- On Monday, March 31st, Der Valk Eric Van sold 1,153 shares of Ollie's Bargain Outlet stock. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05.
Ollie's Bargain Outlet Stock Down 3.6 %
Shares of Ollie's Bargain Outlet stock traded down $4.17 during midday trading on Friday, hitting $113.29. The company's stock had a trading volume of 1,966,308 shares, compared to its average volume of 1,109,594. The firm has a market capitalization of $6.94 billion, a P/E ratio of 33.82, a PEG ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $70.17 and a 1-year high of $120.03. The stock has a 50-day simple moving average of $106.42 and a 200-day simple moving average of $102.93.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. As a group, sell-side analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.
Institutional Trading of Ollie's Bargain Outlet
A number of institutional investors and hedge funds have recently made changes to their positions in OLLI. Captrust Financial Advisors lifted its holdings in Ollie's Bargain Outlet by 9.3% in the 3rd quarter. Captrust Financial Advisors now owns 2,937 shares of the company's stock worth $285,000 after purchasing an additional 250 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ollie's Bargain Outlet in the third quarter worth $151,000. Centiva Capital LP acquired a new position in Ollie's Bargain Outlet in the 3rd quarter valued at $1,229,000. Royal London Asset Management Ltd. raised its holdings in Ollie's Bargain Outlet by 0.4% in the 3rd quarter. Royal London Asset Management Ltd. now owns 252,842 shares of the company's stock worth $24,576,000 after acquiring an additional 888 shares during the period. Finally, Stifel Financial Corp lifted its position in Ollie's Bargain Outlet by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 49,494 shares of the company's stock worth $4,811,000 after acquiring an additional 493 shares during the last quarter.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on OLLI. StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. increased their price target on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Loop Capital raised their target price on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company increased their price objective on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and an average price target of $123.08.
Read Our Latest Research Report on OLLI
About Ollie's Bargain Outlet
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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.
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