Insider Selling: Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Sells 4,799 Shares of Stock

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) SVP Kevin Mclain sold 4,799 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total transaction of $554,572.44. Following the completion of the transaction, the senior vice president now directly owns 12,336 shares in the company, valued at $1,425,548.16. This represents a 28.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Ollie's Bargain Outlet Stock Down 3.6 %

OLLI stock traded down $4.17 during mid-day trading on Friday, hitting $113.29. 1,966,308 shares of the company were exchanged, compared to its average volume of 1,109,594. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $70.17 and a 12-month high of $120.03. 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. The business has a fifty 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 posted 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). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same quarter last year, the business posted $1.23 EPS. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

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Institutional Investors Weigh In On Ollie's Bargain Outlet

Institutional investors and hedge funds have recently modified their holdings of the company. First Hawaiian Bank increased its stake in Ollie's Bargain Outlet by 0.9% during the first quarter. First Hawaiian Bank now owns 19,325 shares of the company's stock worth $2,249,000 after purchasing an additional 180 shares during the period. 111 Capital acquired a new stake in Ollie's Bargain Outlet during the 4th quarter worth approximately $280,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Ollie's Bargain Outlet by 65.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,574 shares of the company's stock worth $721,000 after buying an additional 2,608 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in Ollie's Bargain Outlet by 20.3% in the 4th quarter. Jefferies Financial Group Inc. now owns 3,628 shares of the company's stock valued at $398,000 after buying an additional 611 shares during the period. Finally, ABLE Financial Group LLC grew its stake in shares of Ollie's Bargain Outlet by 34.3% in the fourth quarter. ABLE Financial Group LLC now owns 8,705 shares of the company's stock worth $955,000 after acquiring an additional 2,224 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on OLLI shares. Craig Hallum increased their target price on Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Bank of America increased their price objective on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Piper Sandler lowered their target price on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research note on Thursday, March 20th. UBS Group increased their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.