Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Robert Fisch Sells 6,250 Shares

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) Director Robert Fisch sold 6,250 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the transaction, the director now owns 22,159 shares in the company, valued at $2,394,944.72. The trade was a 22.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ollie's Bargain Outlet Stock Up 4.5 %

Shares of NASDAQ:OLLI traded up $4.84 during midday trading on Thursday, reaching $113.01. 867,072 shares of the company traded hands, compared to its average volume of 1,089,503. The firm's fifty day moving average price is $105.66 and its two-hundred day moving average price is $102.02. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 33.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter in the prior year, the company earned $1.23 earnings per share. The company's quarterly revenue was up 2.8% on a year-over-year basis. Analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their target price for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Morgan Stanley boosted their target price on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. lifted 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 report on Wednesday, December 11th. Finally, Wells Fargo & Company upped their price objective on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" 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 has a consensus rating of "Moderate Buy" and an average price target of $123.08.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Ollie's Bargain Outlet by 489.7% in 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 in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Ollie's Bargain Outlet by 337.0% in 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 purchased a new stake in shares of Ollie's Bargain Outlet in the 4th quarter valued at about $26,000. Blue Trust Inc. boosted its position in shares of 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 acquiring an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Ollie's Bargain Outlet during the fourth quarter worth about $33,000.

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.