Insider Selling: Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Sells 312 Shares of Stock

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CFO Robert F. Helm sold 312 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the transaction, the chief financial officer now owns 3,273 shares in the company, valued at $350,767.41. The trade was a 8.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ OLLI traded up $1.17 during trading on Friday, hitting $114.42. 1,375,912 shares of the company were exchanged, compared to its average volume of 1,129,415. The company has a fifty day moving average price of $106.14 and a 200-day moving average price of $103.38. The firm has a market capitalization of $7.01 billion, a PE ratio of 34.16, a P/E/G ratio of 2.21 and a beta of 0.75. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $70.17 and a 12-month high of $120.03.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $667.10 million for the quarter, compared to analysts' expectations of $674.61 million. During the same quarter last year, the business earned $1.23 earnings per share. The business's revenue was up 2.8% compared to the same quarter last year. Research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Ollie's Bargain Outlet

A number of institutional investors have recently modified their holdings of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in 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 buying an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in 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 buying an additional 182 shares during the period. Bogart Wealth LLC acquired a new position in Ollie's Bargain Outlet during the fourth quarter worth approximately $26,000. Blue Trust Inc. boosted 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 acquiring an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth about $33,000.

Analyst Ratings Changes

OLLI has been the topic of a number of research reports. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. 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 report on Friday, March 7th. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and raised their target price for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Finally, UBS Group raised 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 report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.08.

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.