Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $5,944,561.92 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 54,318 shares of the firm’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 of the company’s stock, valued at $5,275,008. This trade represents 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 link.

Ollie’s Bargain Outlet Stock Up 1.4 %

Shares of NASDAQ OLLI opened at $112.77 on Friday. The business’s 50 day moving average is $96.26 and its two-hundred day moving average is $95.30. The company has a market cap of $6.91 billion, a P/E ratio of 33.66, a P/E/G ratio of 2.81 and a beta of 0.85. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $115.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. Sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OLLI. International Assets Investment Management LLC bought a new position in Ollie’s Bargain Outlet in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC grew its holdings 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 purchasing an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $117,000. Finally, LRI Investments LLC grew its holdings in shares of Ollie’s Bargain Outlet by 2,356.1% during the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after purchasing an additional 1,343 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OLLI shares. Loop Capital raised their price target on Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial raised their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus target price of $116.58.

Ollie’s Bargain Outlet Company Profile

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.