James J. Comitale Sells 5,485 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP James J. Comitale sold 5,485 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $113.53, for a total value of $622,712.05. Following the completion of the sale, the senior vice president now directly owns 4,621 shares in the company, valued at approximately $524,622.13. The trade was a 54.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $113.29 on Friday. The stock’s fifty day moving average is $106.42 and its two-hundred day moving average is $102.90. The firm has a market capitalization of $6.94 billion, a P/E ratio of 33.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $70.17 and a fifty-two week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (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 during the quarter, compared to analysts’ expectations of $674.61 million. During the same period in the prior year, the company posted $1.23 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Ollie’s Bargain Outlet by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company’s stock worth $638,843,000 after acquiring an additional 70,496 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in Ollie’s Bargain Outlet by 173.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company’s stock valued at $509,671,000 after purchasing an additional 2,948,393 shares during the period. Congress Asset Management Co. lifted its stake in shares of Ollie’s Bargain Outlet by 181.6% in the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after purchasing an additional 1,235,994 shares during the last quarter. State Street Corp grew its holdings in shares of Ollie’s Bargain Outlet by 2.1% during the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company’s stock worth $181,866,000 after purchasing an additional 38,203 shares during the period. Finally, Invesco Ltd. increased its position in shares of Ollie’s Bargain Outlet by 1.1% during the 4th quarter. Invesco Ltd. now owns 1,645,472 shares of the company’s stock worth $180,558,000 after purchasing an additional 17,302 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OLLI. Royal Bank of Canada increased their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Bank of America upped their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Truist Financial lifted their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $123.08.

Ollie’s Bargain Outlet Company Profile

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.