Thomas Hendrickson Sells 6,250 Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) Director Thomas Hendrickson sold 6,250 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ollie's Bargain Outlet Stock Down 0.4 %

Shares of Ollie's Bargain Outlet stock traded down $0.45 during trading hours on Wednesday, reaching $114.49. 1,489,569 shares of the company's stock were exchanged, compared to its average volume of 1,055,760. The business has a fifty day moving average of $97.09 and a two-hundred day moving average of $95.87. The company has a market capitalization of $7.02 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85. Ollie's Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $118.47.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.51 earnings per share. As a group, research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on OLLI shares. Royal Bank of Canada upped their price target on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their price target for the stock from $64.00 to $133.00 in a research report on Wednesday. Bank of America increased their target price 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. JPMorgan Chase & Co. upped their price objective on shares of Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, UBS Group upped their target price on Ollie's Bargain Outlet from $97.00 to $99.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $117.85.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OLLI. Sanctuary Advisors LLC raised its position in Ollie's Bargain Outlet by 464.8% in the third quarter. Sanctuary Advisors LLC now owns 17,135 shares of the company's stock valued at $1,621,000 after purchasing an additional 14,101 shares during the period. Virtu Financial LLC purchased a new position in Ollie's Bargain Outlet during the 3rd quarter valued at about $969,000. Geode Capital Management LLC lifted its position in shares of Ollie's Bargain Outlet by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company's stock worth $104,860,000 after purchasing an additional 9,492 shares in the last quarter. Bullseye Asset Management LLC boosted its stake in shares of Ollie's Bargain Outlet by 1.8% in the third quarter. Bullseye Asset Management LLC now owns 55,274 shares of the company's stock valued at $5,373,000 after purchasing an additional 1,000 shares during the period. Finally, Barclays PLC grew its holdings in shares of Ollie's Bargain Outlet by 59.2% in the third quarter. Barclays PLC now owns 41,307 shares of the company's stock valued at $4,014,000 after purchasing an additional 15,357 shares in the last quarter.

Ollie's Bargain Outlet Company Profile

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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