Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Kevin Mclain Sells 4,799 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Kevin Mclain sold 4,799 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total transaction of $554,572.44. Following the transaction, the senior vice president now owns 12,336 shares in the company, valued at $1,425,548.16. This represents a 28.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $118.20 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03. The stock has a market cap of $7.24 billion, a PE ratio of 35.28, a PEG ratio of 2.21 and a beta of 0.83. The firm has a 50-day simple moving average of $106.30 and a 200 day simple moving average of $102.70.

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

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ollie’s Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $25,000 after acquiring an additional 191 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after purchasing an additional 182 shares during the period. Bogart Wealth LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $26,000. Blue Trust Inc. lifted its position in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after buying an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at $33,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley raised their target price on 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. Piper Sandler cut their price objective 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. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their target price for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Loop Capital lifted their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.