Ollie's Bargain Outlet (NASDAQ:OLLI) Stock Price Down 4.7% - Should You Sell?

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report)'s stock price traded down 4.7% during mid-day trading on Friday . The stock traded as low as $101.33 and last traded at $100.33. 37,516 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 955,922 shares. The stock had previously closed at $105.25.

Wall Street Analyst Weigh In

OLLI has been the subject of several research reports. Wells Fargo & Company upped their price target on shares of 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. Craig Hallum upped their target price on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Piper Sandler lifted their price target on shares of Ollie's Bargain Outlet from $107.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Royal Bank of Canada upped their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.29.

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Ollie's Bargain Outlet Stock Down 0.1 %

The business has a 50 day moving average price of $105.99 and a two-hundred day moving average price of $100.99. The stock has a market cap of $6.04 billion, a P/E ratio of 29.34, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. On average, research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares in the company, valued at $357,803. The trade was a 62.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the transaction, the senior vice president now owns 1,905 shares of the company's stock, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,221 shares of company stock worth $2,554,373. 0.87% of the stock is owned by insiders.

Institutional Trading of Ollie's Bargain Outlet

Hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings 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 valued at $25,000 after purchasing an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position 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 valued at $26,000 after purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC bought a new position in Ollie's Bargain Outlet during the fourth quarter valued at $26,000. Blue Trust Inc. grew its stake in shares of Ollie's Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Ollie's Bargain Outlet in the 4th quarter worth about $33,000.

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.