Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman Sells $588,652.32 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John W. Swygert sold 5,232 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $112.51, for a total value of $588,652.32. Following the sale, the chairman now directly owns 48,200 shares in the company, valued at approximately $5,422,982. The trade was a 9.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of NASDAQ OLLI opened at $113.24 on Monday. The company has a 50 day simple moving average of $105.96 and a two-hundred day simple moving average of $102.35. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. Analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Ollie’s Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after purchasing an additional 191 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in Ollie’s Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at $26,000. Blue Trust Inc. increased its holdings in Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $33,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OLLI shares. Morgan Stanley raised their price target on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Wells Fargo & Company lifted their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Bank of America increased their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Piper Sandler dropped their target price on Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price target for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average price target of $123.08.

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.