Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John W. Swygert Sells 5,232 Shares

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) Chairman John W. Swygert sold 5,232 shares of the stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $112.51, for a total transaction of $588,652.32. Following the completion of the transaction, the chairman now owns 48,200 shares of the company's stock, valued at $5,422,982. This represents a 9.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ollie's Bargain Outlet Price Performance

NASDAQ OLLI traded down $1.81 on Tuesday, hitting $114.55. 1,561,305 shares of the company were exchanged, compared to its average volume of 1,106,681. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The firm has a market capitalization of $7.02 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The company's 50 day moving average price is $106.16 and its 200-day moving average price is $102.59.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly 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). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same quarter in the prior year, the firm earned $1.23 EPS. The firm's revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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Institutional Trading of Ollie's Bargain Outlet

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Ollie's Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $25,000 after buying an additional 191 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after acquiring an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new position in shares of Ollie's Bargain Outlet in the 4th quarter valued at about $26,000. Blue Trust Inc. lifted its position 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 purchasing an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth approximately $33,000.

Analyst Ratings Changes

OLLI has been the subject of several recent analyst reports. Bank of America increased their price objective 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. Wells Fargo & Company lifted their price target on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 11th. UBS Group boosted their price objective 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. Loop Capital raised their target price on 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, Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.08.

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.