Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Sells $361,450.00 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson sold 5,000 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total transaction of $361,450.00. Following the completion of the transaction, the director now owns 5,659 shares of the company’s stock, valued at approximately $409,089.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ollie’s Bargain Outlet Stock Down 0.7 %

NASDAQ OLLI opened at $74.71 on Thursday. The stock has a market capitalization of $4.58 billion, a P/E ratio of 25.59 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $52.93 and a 52-week high of $84.38. The firm has a 50-day moving average price of $75.90 and a 200 day moving average price of $75.10.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The company had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. During the same period last year, the company posted $0.84 earnings per share. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System purchased a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $1,313,000. Envestnet Asset Management Inc. increased its holdings in Ollie’s Bargain Outlet by 38.9% in the third quarter. Envestnet Asset Management Inc. now owns 145,618 shares of the company’s stock valued at $11,239,000 after buying an additional 40,819 shares in the last quarter. Nordea Investment Management AB purchased a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $2,372,000. Invesco Ltd. increased its holdings in Ollie’s Bargain Outlet by 76.1% in the third quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock valued at $64,177,000 after buying an additional 359,371 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Ollie’s Bargain Outlet by 4.5% during the 3rd quarter. Rhumbline Advisers now owns 182,049 shares of the company’s stock worth $14,050,000 after purchasing an additional 7,863 shares in the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of several research analyst reports. Craig Hallum upped their price objective on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. The Goldman Sachs Group increased their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Truist Financial increased their target price on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $86.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.92.

About Ollie’s Bargain Outlet

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.