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

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

Ollie’s Bargain Outlet Stock Up 3.2 %

OLLI stock traded up $3.65 on Wednesday, reaching $118.20. 1,714,627 shares of the company’s stock were exchanged, compared to its average volume of 1,109,109. The stock has a fifty day moving average of $106.16 and a 200-day moving average of $102.59. The firm has a market cap of $7.24 billion, a PE ratio of 35.28, a P/E/G ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $120.03.

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

Wall Street Analyst Weigh In

OLLI has been the subject of a number of research reports. Piper Sandler reduced their price objective on Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating for the company in a research note on Thursday, March 20th. Truist Financial raised their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Finally, Loop Capital upped their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.08.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of OLLI. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 173.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company’s stock worth $509,671,000 after buying an additional 2,948,393 shares during the last quarter. Congress Asset Management Co. grew its position in shares of Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after purchasing an additional 1,235,994 shares during the period. Norges Bank acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at $80,741,000. Stephens Investment Management Group LLC purchased a new position in Ollie’s Bargain Outlet during the fourth quarter worth about $78,356,000. Finally, Holocene Advisors LP boosted its stake in Ollie’s Bargain Outlet by 10,159.3% in the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after buying an additional 466,818 shares during the last quarter.

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.