Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Sells 2,317 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 2,317 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 1,777 shares in the company, valued at approximately $138,854.78. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $78.82 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $52.93 and a fifty-two week high of $84.38. The firm has a fifty day moving average price of $76.32 and a two-hundred day moving average price of $75.53. The company has a market cap of $4.85 billion, a PE ratio of 26.99 and a beta of 0.76.

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, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $648.90 million during the quarter, compared to the consensus estimate of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OLLI has been the subject of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. 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. Craig Hallum upped their price target on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. TheStreet lowered shares of Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research note on Thursday, December 14th. Finally, UBS Group upped 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 report on Thursday, December 7th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.08.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently made changes to their positions in OLLI. Nomura Holdings Inc. acquired a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at about $3,019,000. Vanguard Group Inc. raised its holdings 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 purchasing an additional 43,979 shares during the last quarter. Greenwood Capital Associates LLC raised its holdings in shares of Ollie’s Bargain Outlet by 38.5% in the fourth quarter. Greenwood Capital Associates LLC now owns 7,435 shares of the company’s stock valued at $564,000 after purchasing an additional 2,065 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 41.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 379,158 shares of the company’s stock valued at $28,774,000 after purchasing an additional 111,843 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Ollie’s Bargain Outlet by 80.5% during the fourth quarter. GSA Capital Partners LLP now owns 7,413 shares of the company’s stock worth $563,000 after buying an additional 3,306 shares during the last quarter.

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.