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

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) Chairman John W. Swygert sold 6,526 shares of the business's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total transaction of $703,959.62. Following the completion of the transaction, the chairman now owns 53,432 shares of the company's stock, valued at $5,763,709.84. This represents a 10.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ollie's Bargain Outlet Price Performance

NASDAQ:OLLI traded down $1.81 during trading hours on Tuesday, reaching $114.55. The company had a trading volume of 1,561,305 shares, compared to its average volume of 1,106,681. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The business's 50 day moving average price is $106.16 and its 200-day moving average price is $102.59. The firm has a market cap of $7.02 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted 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 firm had revenue of $667.10 million during 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 business's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.23 earnings per share. On average, analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

Several equities analysts have issued reports on OLLI shares. Craig Hallum lifted their price target on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Truist Financial lifted their price objective on shares of Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their target price on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their price target on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $123.08.

Institutional Investors Weigh In On Ollie's Bargain Outlet

Several hedge funds have recently modified their holdings of OLLI. Quest Partners LLC acquired a new position in Ollie's Bargain Outlet in the 3rd quarter worth about $196,000. Charles Schwab Investment Management Inc. increased its position in shares of Ollie's Bargain Outlet by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock valued at $73,256,000 after buying an additional 5,438 shares in the last quarter. Great Valley Advisor Group Inc. acquired a new position in shares of Ollie's Bargain Outlet during the 3rd quarter worth approximately $222,000. Townsquare Capital LLC lifted its position in shares of Ollie's Bargain Outlet by 2.0% during the 3rd quarter. Townsquare Capital LLC now owns 106,917 shares of the company's stock valued at $10,392,000 after buying an additional 2,114 shares in the last quarter. Finally, FORA Capital LLC grew its stake in Ollie's Bargain Outlet by 3.2% in the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company's stock valued at $467,000 after acquiring an additional 148 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.