Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Larry Kraus Sells 10,646 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Larry Kraus sold 10,646 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at $220,179.90. The trade was a 84.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ollie’s Bargain Outlet Trading Up 2.7 %

Shares of OLLI opened at $117.63 on Friday. The company’s 50-day moving average price is $97.49 and its 200 day moving average price is $96.00. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $118.95. The firm has a market cap of $7.21 billion, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at $25,000. Crewe Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the 2nd quarter valued at about $36,000. GAMMA Investing LLC grew its position in Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Ollie’s Bargain Outlet during the third quarter worth about $117,000. Finally, LRI Investments LLC lifted its position in shares of Ollie’s Bargain Outlet by 2,356.1% during the third 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $133.00 in a research report on Wednesday. Royal Bank of Canada boosted their target price on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Loop Capital increased their price target on Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Craig Hallum boosted their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company upped their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus target price of $117.85.

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.