Ollie's Bargain Outlet (NASDAQ:OLLI) Shares Down 4.9% - What's Next?

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) shares traded down 4.9% during trading on Monday . The company traded as low as $111.60 and last traded at $111.81. 637,619 shares traded hands during trading, a decline of 39% from the average session volume of 1,052,116 shares. The stock had previously closed at $117.60.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com raised Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Saturday. Piper Sandler lifted their price target on shares of Ollie's Bargain Outlet from $107.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and increased their price objective for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Wells Fargo & Company lifted their target price on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their price target on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.62.

Ollie's Bargain Outlet Stock Down 6.0 %

The firm has a market capitalization of $6.77 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85. The company's 50-day simple moving average is $100.74 and its 200 day simple moving average is $97.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 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 $517.43 million during the quarter, compared to analysts' expectations of $518.83 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. Ollie's Bargain Outlet's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Transactions at Ollie's Bargain Outlet

In related news, CEO John W. Swygert sold 54,318 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total value of $5,944,561.92. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at $5,275,008. This trade represents a 52.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares in the company, valued at approximately $220,179.90. This represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 90,172 shares of company stock valued at $9,878,158 in the last quarter. 0.87% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ollie's Bargain Outlet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. increased its holdings in shares of Ollie's Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company's stock valued at $55,637,000 after purchasing an additional 512,928 shares during the period. Holocene Advisors LP increased its holdings in Ollie's Bargain Outlet by 10,159.3% in the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company's stock worth $45,821,000 after buying an additional 466,818 shares during the period. Los Angeles Capital Management LLC raised its position in Ollie's Bargain Outlet by 199.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company's stock worth $54,981,000 after buying an additional 372,914 shares during the last quarter. Wellington Management Group LLP lifted its stake in Ollie's Bargain Outlet by 155.8% during the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company's stock valued at $46,952,000 after acquiring an additional 294,217 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of Ollie's Bargain Outlet in the 3rd quarter valued at $16,590,000.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.