Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Sells $181,050.38 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 2,317 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $78.14, for a total transaction of $181,050.38. Following the transaction, the chief financial officer now directly owns 1,777 shares in the company, valued at approximately $138,854.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ollie’s Bargain Outlet Trading Up 3.6 %

Shares of NASDAQ:OLLI traded up $2.72 on Wednesday, hitting $78.82. The company had a trading volume of 834,388 shares, compared to its average volume of 871,358. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $52.93 and a 1-year high of $84.38. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 26.99 and a beta of 0.76. The stock has a 50 day moving average price of $76.23 and a 200 day moving average price of $75.51.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $648.90 million for the quarter, compared to the consensus estimate of $649.39 million. During the same period in the previous year, the company earned $0.84 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. Sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Ollie’s Bargain Outlet by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company’s stock valued at $420,355,000 after acquiring an additional 43,979 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Ollie’s Bargain Outlet by 5.2% in the fourth quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock worth $285,459,000 after acquiring an additional 184,864 shares during the last quarter. State Street Corp lifted its holdings in shares of Ollie’s Bargain Outlet by 3.3% in the first quarter. State Street Corp now owns 1,734,913 shares of the company’s stock worth $100,521,000 after acquiring an additional 55,791 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ollie’s Bargain Outlet by 26.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,585,472 shares of the company’s stock valued at $91,859,000 after buying an additional 336,268 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Ollie’s Bargain Outlet by 141.5% in the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock valued at $83,037,000 after buying an additional 630,298 shares during the period.

Analysts Set New Price Targets

A number of research analysts have weighed in on OLLI shares. Craig Hallum lifted their price target 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. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a research note on Thursday, March 21st. UBS Group lifted their price target on shares of Ollie’s Bargain Outlet from $92.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. cut their price target on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, March 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $86.00 price target on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Hold” and an average target price of $84.08.

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.