Ollie’s Bargain Outlet (NASDAQ:OLLI) Shares Down 4.7% – Time to Sell?

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) fell 4.7% on Friday . The stock traded as low as $101.33 and last traded at $100.33. 37,516 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 955,922 shares. The stock had previously closed at $105.25.

Analyst Upgrades and Downgrades

OLLI has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Craig Hallum lifted their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Loop Capital lifted their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have assigned 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 a consensus target price of $118.29.

Ollie’s Bargain Outlet Stock Down 2.1 %

The stock has a market cap of $6.31 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The business has a 50 day moving average price of $105.99 and a two-hundred day moving average price of $100.97.

Ollie’s Bargain Outlet (NASDAQ:OLLI) 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 firm had revenue of $517.43 million during 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 business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 earnings per share. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 54,318 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total value of $5,944,561.92. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $5,275,008. The trade was a 52.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the sale, the senior vice president now owns 3,140 shares in the company, valued at $357,803. This represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,539 shares of company stock valued at $8,498,935 over the last 90 days. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Hedge funds have recently made changes to their positions in the company. Royce & Associates LP lifted its position in shares of Ollie’s Bargain Outlet by 161.6% in the third quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after buying an additional 46,706 shares in the last quarter. Oak Thistle LLC purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at approximately $1,345,000. JPMorgan Chase & Co. raised its position in Ollie’s Bargain Outlet by 79.6% during the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after purchasing an additional 83,882 shares during the period. Van ECK Associates Corp raised its position in Ollie’s Bargain Outlet by 36.5% during the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock valued at $5,120,000 after purchasing an additional 12,476 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Ollie’s Bargain Outlet by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after purchasing an additional 5,438 shares during the period.

About Ollie’s Bargain Outlet

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.