Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $492,480.00 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 4,800 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total transaction of $492,480.00. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,945,320. This trade represents a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ollie’s Bargain Outlet Stock Up 0.9 %

Ollie’s Bargain Outlet stock traded up $0.92 during trading on Monday, reaching $99.87. The stock had a trading volume of 891,185 shares, compared to its average volume of 1,028,009. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $104.98. The business has a 50 day moving average price of $94.98 and a 200 day moving average price of $93.38. The stock has a market cap of $6.13 billion, a PE ratio of 30.17, a P/E/G ratio of 2.46 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on OLLI. Piper Sandler reiterated an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. UBS Group lifted their price target on shares of 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. Royal Bank of Canada lifted their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price target for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $104.92.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its position in shares of Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock worth $170,000 after buying an additional 104 shares during the last quarter. Trust Point Inc. lifted 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 buying an additional 134 shares during the last quarter. FORA Capital LLC lifted its position in shares of Ollie’s Bargain Outlet by 3.2% during the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock worth $467,000 after buying an additional 148 shares during the last quarter. GAMMA Investing LLC lifted 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 buying an additional 179 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Ollie’s Bargain Outlet by 5.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock worth $344,000 after buying an additional 188 shares during the last quarter.

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.