Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CFO Robert F. Helm sold 2,145 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the transaction, the chief financial officer now owns 3,888 shares in the company, valued at approximately $421,848. The trade was a 35.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Ollie's Bargain Outlet Price Performance
Shares of OLLI traded up $0.17 during mid-day trading on Friday, hitting $113.24. The stock had a trading volume of 923,401 shares, compared to its average volume of 1,107,502. The firm has a market cap of $6.94 billion, a P/E ratio of 33.80, a PEG ratio of 2.21 and a beta of 0.83. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03. The business has a fifty day moving average price of $105.96 and a 200-day moving average price of $102.35.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS 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 business had revenue of $667.10 million for the quarter, compared to analysts' expectations of $674.61 million. During the same period last year, the company earned $1.23 earnings per share. Ollie's Bargain Outlet's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on OLLI. Bank of America raised their price target on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Wells Fargo & Company raised their target price on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, December 11th. Piper Sandler decreased their price target on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Royal Bank of Canada raised their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, UBS Group upped their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.08.
Read Our Latest Stock Analysis on OLLI
Institutional Investors Weigh In On Ollie's Bargain Outlet
A number of hedge funds and other institutional investors have recently bought and sold shares of OLLI. Quest Partners LLC bought a new stake in shares of Ollie's Bargain Outlet during the 3rd quarter valued at $196,000. Charles Schwab Investment Management Inc. grew its holdings in Ollie's Bargain Outlet by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company's stock valued at $73,256,000 after buying an additional 5,438 shares in the last quarter. Great Valley Advisor Group Inc. bought a new stake in shares of Ollie's Bargain Outlet during the third quarter valued at about $222,000. Loomis Sayles & Co. L P purchased a new stake in shares of Ollie's Bargain Outlet in the third quarter worth about $16,590,000. Finally, Hancock Whitney Corp bought a new position in shares of Ollie's Bargain Outlet in the third quarter valued at approximately $988,000.
About Ollie's Bargain Outlet
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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.
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