Insider Selling: Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Sells 5,485 Shares of Stock

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) SVP James J. Comitale sold 5,485 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $113.53, for a total value of $622,712.05. Following the transaction, the senior vice president now directly owns 4,621 shares of the company's stock, valued at approximately $524,622.13. This represents a 54.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ollie's Bargain Outlet Stock Performance

Ollie's Bargain Outlet stock traded down $4.17 during trading hours on Friday, reaching $113.29. 1,966,308 shares of the stock were exchanged, compared to its average volume of 1,109,594. The stock has a market cap of $6.94 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.21 and a beta of 0.83. The firm's 50 day moving average is $106.42 and its 200 day moving average is $102.93. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $70.17 and a 52-week high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly 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). Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $667.10 million for the quarter, compared to analysts' expectations of $674.61 million. During the same period in the prior year, the company earned $1.23 earnings per share. The company's revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on OLLI. Jefferies Financial Group cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and lowered their target price for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Craig Hallum upped their price objective on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Piper Sandler cut their target price on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Morgan Stanley upped their target price on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Finally, StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. One 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.08.

Institutional Investors Weigh In On Ollie's Bargain Outlet

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legacy Capital Wealth Partners LLC increased its holdings in shares of Ollie's Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock valued at $311,000 after purchasing an additional 94 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Ollie's Bargain Outlet by 3.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company's stock valued at $320,000 after buying an additional 97 shares in the last quarter. Blue Trust Inc. increased its holdings in Ollie's Bargain Outlet by 55.2% in the fourth 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. UMB Bank n.a. lifted its position in shares of Ollie's Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after acquiring an additional 110 shares during the period. Finally, Precision Wealth Strategies LLC boosted its stake in shares of Ollie's Bargain Outlet by 3.2% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company's stock worth $427,000 after acquiring an additional 119 shares in the last quarter.

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.