Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Kevin Mclain Sells 15,000 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $98.99 on Friday. The company has a fifty day moving average of $95.41 and a 200 day moving average of $86.11. The company has a market capitalization of $6.07 billion, a PE ratio of 31.23, a P/E/G ratio of 2.48 and a beta of 0.84. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The firm had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on OLLI shares. UBS Group boosted their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Bank of America upped their price objective on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Truist Financial lifted their target price on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Finally, Piper Sandler reissued an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently made changes to their positions in OLLI. Sei Investments Co. boosted its holdings in Ollie’s Bargain Outlet by 15.3% during the first quarter. Sei Investments Co. now owns 207,554 shares of the company’s stock worth $16,515,000 after buying an additional 27,531 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter worth about $1,621,000. Wells Fargo & Company MN grew its position in shares of Ollie’s Bargain Outlet by 8.2% during the 4th quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock valued at $15,233,000 after acquiring an additional 15,187 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $841,000. Finally, Meeder Asset Management Inc. acquired a new position in Ollie’s Bargain Outlet in the 1st quarter worth about $529,000.

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.