Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman Sells $381,732.60 in Stock

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) Chairman John W. Swygert sold 3,331 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $114.60, for a total value of $381,732.60. Following the completion of the transaction, the chairman now directly owns 48,200 shares in the company, valued at $5,523,720. The trade was a 6.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ollie's Bargain Outlet Trading Up 1.0 %

NASDAQ:OLLI traded up $1.17 during mid-day trading on Friday, hitting $114.42. The stock had a trading volume of 1,375,912 shares, compared to its average volume of 1,129,415. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $70.17 and a twelve month high of $120.03. The stock has a 50-day simple moving average of $106.14 and a two-hundred day simple moving average of $103.38. The company has a market capitalization of $7.01 billion, a PE ratio of 34.16, a PEG ratio of 2.21 and a beta of 0.75.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS. Sell-side analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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Hedge Funds Weigh In On Ollie's Bargain Outlet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake 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 worth $25,000 after buying an additional 191 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after buying an additional 182 shares during the last quarter. Bogart Wealth LLC bought a new stake in Ollie's Bargain Outlet during the 4th quarter valued at $26,000. Blue Trust Inc. increased its stake in Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after buying an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in Ollie's Bargain Outlet in the fourth quarter worth approximately $33,000.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a report on Thursday, March 20th. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Piper Sandler lowered their target price on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Royal Bank of Canada lifted 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. Finally, Loop Capital increased 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 report on Monday, December 23rd. One equities 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 stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.