Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman Sells $588,652.32 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John W. Swygert sold 5,232 shares of the business’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $112.51, for a total value of $588,652.32. Following the completion of the sale, the chairman now directly owns 48,200 shares in the company, valued at $5,422,982. This trade represents a 9.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $113.24 on Friday. The firm has a market capitalization of $6.94 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $120.03. The business’s 50-day simple moving average is $105.96 and its 200-day simple moving average is $102.24.

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

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Ollie’s Bargain Outlet by 489.7% during 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 in the last quarter. Wilmington Savings Fund Society FSB raised its holdings 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 worth $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter worth about $26,000. Blue Trust Inc. grew its stake in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $33,000.

Wall Street Analyst Weigh In

OLLI has been the topic of several recent research reports. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Craig Hallum boosted their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price objective for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Morgan Stanley increased their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.08.

About Ollie’s Bargain Outlet

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.