Der Valk Eric Van Sells 1,153 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Der Valk Eric Van sold 1,153 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05. Following the sale, the chief executive officer now owns 6,768 shares of the company’s stock, valued at approximately $750,232.80. This represents a 14.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Der Valk Eric Van also recently made the following trade(s):

• On Thursday, April 3rd, Der Valk Eric Van sold 525 shares of Ollie’s Bargain Outlet stock. The shares were sold at an average price of $112.94, for a total transaction of $59,293.50.

Ollie’s Bargain Outlet Trading Down 3.6 %

Shares of OLLI opened at $113.29 on Friday. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $70.17 and a 52 week high of $120.03. The stock has a 50 day moving average of $106.42 and a 200-day moving average of $102.90.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results 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 business had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter in the previous year, the firm earned $1.23 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Large investors have recently bought and sold shares of the business. Corient Private Wealth LLC raised its position in shares of Ollie’s Bargain Outlet by 86.2% during the 4th quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock worth $926,000 after purchasing an additional 3,906 shares during the period. Oak Thistle LLC acquired a new stake in Ollie’s Bargain Outlet in the fourth quarter worth $1,345,000. JPMorgan Chase & Co. lifted its stake in Ollie’s Bargain Outlet by 79.6% in the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after buying an additional 83,882 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Ollie’s Bargain Outlet by 36.5% during the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock valued at $5,120,000 after acquiring an additional 12,476 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $2,049,000.

Analysts Set New Price Targets

Several research analysts have commented on the company. Loop Capital raised their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Bank of America boosted their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Jefferies Financial Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Finally, Craig Hallum raised their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Company Profile

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.