Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Ollie's Bargain Outlet Holdings, Inc. NASDAQ: OLLI. In a filing disclosed on December 31st, the Senator disclosed that they had sold between $15,001 and $50,000 in Ollie's Bargain Outlet stock on December 18th.
Senator Markwayne Mullin also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Axon Enterprise NASDAQ: AXON on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Eaton NYSE: ETN on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Sprouts Farmers Market NASDAQ: SFM on 12/18/2024.
- Sold $1,001 - $15,000 in shares of Eaton NYSE: ETN on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Stride NYSE: LRN on 12/18/2024.
- Sold $1,001 - $15,000 in shares of Badger Meter NYSE: BMI on 12/18/2024.
- Sold $15,001 - $50,000 in shares of CyberArk Software NASDAQ: CYBR on 12/18/2024.
- Sold $15,001 - $50,000 in shares of Freshpet NASDAQ: FRPT on 12/18/2024.
- Sold $1,001 - $15,000 in shares of e.l.f. Beauty NYSE: ELF on 12/18/2024.
Ollie's Bargain Outlet Price Performance
Ollie's Bargain Outlet stock traded down $0.78 during trading on Wednesday, reaching $109.73. 1,249,193 shares of the company were exchanged, compared to its average volume of 1,056,725. The stock's 50 day simple moving average is $101.83 and its two-hundred day simple moving average is $98.15. The company has a market capitalization of $6.72 billion, a P/E ratio of 32.76, a PEG ratio of 2.79 and a beta of 0.85. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03.
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, beating the consensus estimate 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 business 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 EPS. The business's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.
Insider Activity at Ollie's Bargain Outlet
In other news, CFO Robert F. Helm sold 2,401 shares of Ollie's Bargain Outlet stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. Insiders sold 90,172 shares of company stock valued at $9,878,158 over the last three months. 0.87% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms have commented on OLLI. Piper Sandler upped their target price on shares of Ollie's Bargain Outlet from $107.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $130.00 price objective on shares of Ollie's Bargain Outlet in a research report on Monday, December 23rd. Loop Capital upped their price target on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Bank of America lifted their price objective on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, Truist Financial increased their target price on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and an average target price of $118.62.
Check Out Our Latest Report on OLLI
Hedge Funds Weigh In On Ollie's Bargain Outlet
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in Ollie's Bargain Outlet by 6.4% in the second quarter. Signaturefd LLC now owns 1,727 shares of the company's stock valued at $170,000 after buying an additional 104 shares during the last quarter. Trust Point Inc. boosted its position in shares of Ollie's Bargain Outlet by 1.0% during the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company's stock worth $1,281,000 after acquiring an additional 134 shares in the last quarter. FORA Capital LLC increased its holdings in shares of Ollie's Bargain Outlet by 3.2% in the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company's stock valued at $467,000 after acquiring an additional 148 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Ollie's Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company's stock worth $63,000 after acquiring an additional 179 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Ollie's Bargain Outlet by 5.6% during the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company's stock worth $344,000 after purchasing an additional 188 shares during the last quarter.
About Senator Mullin
Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.
Ollie's Bargain Outlet Company Profile
(
Get Free Report)
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.
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