Der Valk Eric Van Sells 1,153 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CEO Der Valk Eric Van sold 1,153 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $110.85, for a total value of $127,810.05. Following the completion of the transaction, the chief executive officer now directly owns 6,768 shares of the company's stock, valued at approximately $750,232.80. The trade was a 14.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Der Valk Eric Van also recently made the following trade(s):

• On Thursday, April 3rd, Der Valk Eric Van sold 525 shares of Ollie's Bargain Outlet stock. The shares were sold at an average price of $112.94, for a total value of $59,293.50.

Ollie's Bargain Outlet Price Performance

OLLI stock traded down $4.17 during mid-day trading on Friday, reaching $113.29. The company had a trading volume of 1,966,308 shares, compared to its average volume of 1,109,594. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $70.17 and a 52 week high of $120.03. The stock has a 50 day simple moving average of $106.42 and a two-hundred day simple moving average of $102.93.

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Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The firm had revenue of $667.10 million during 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%. Ollie's Bargain Outlet's quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. On average, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on OLLI. Bank of America raised their target price on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Piper Sandler dropped their price objective on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a report on Thursday, March 20th. Craig Hallum upped their target price on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Morgan Stanley increased their target price on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, Royal Bank of Canada boosted their price target on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Hedge Funds Weigh In On Ollie's Bargain Outlet

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Ollie's Bargain Outlet by 1.2% in the fourth 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 during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Ollie's Bargain Outlet by 173.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock valued at $509,671,000 after purchasing an additional 2,948,393 shares during the last quarter. Congress Asset Management Co. boosted its position in Ollie's Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after purchasing an additional 1,235,994 shares during the period. State Street Corp increased its holdings in shares of 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 valued at $181,866,000 after purchasing an additional 38,203 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Ollie's Bargain Outlet by 1.1% in the fourth quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock valued at $180,558,000 after purchasing an additional 17,302 shares during the period.

About Ollie's Bargain Outlet

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.