Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Sells $247,567.86 in Stock

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CFO Robert F. Helm sold 2,139 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $115.74, for a total value of $247,567.86. Following the sale, the chief financial officer now owns 2,961 shares in the company, valued at $342,706.14. The trade was a 41.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ollie's Bargain Outlet Trading Down 3.6 %

OLLI traded down $4.17 during midday trading on Friday, hitting $113.29. 1,966,308 shares of the company traded hands, 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 business has a 50 day simple moving average of $106.42 and a two-hundred day simple moving average of $102.93.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The business 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 quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 EPS. Equities research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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Institutional Trading of Ollie's Bargain Outlet

A number of hedge funds have recently bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Ollie's Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after purchasing an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Ollie's Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after buying an additional 182 shares during the last quarter. Bogart Wealth LLC acquired a new position in Ollie's Bargain Outlet during the fourth quarter worth $26,000. Blue Trust Inc. grew its holdings in Ollie's Bargain Outlet by 55.2% in 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 in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth $33,000.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. UBS Group lifted their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. raised their price objective on 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. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their price target for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Bank of America lifted 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 research note on Wednesday, December 11th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.