Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert Sells 54,318 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 54,318 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total value of $5,944,561.92. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $5,275,008. The trade was a 52.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Ollie’s Bargain Outlet Trading Down 2.0 %

Shares of NASDAQ:OLLI opened at $111.19 on Friday. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.81 and a beta of 0.85. The company has a 50-day moving average price of $95.95 and a 200-day moving average price of $94.95. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $115.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million during 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 company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 earnings per share. As a group, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Ollie’s Bargain Outlet by 6.4% during the second quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after acquiring an additional 104 shares during the last quarter. Trust Point Inc. increased its position in shares of Ollie’s Bargain Outlet by 1.0% during the third quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after buying an additional 134 shares during the period. FORA Capital LLC increased its position in shares of Ollie’s Bargain Outlet by 3.2% during the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock valued at $467,000 after buying an additional 148 shares during the period. GAMMA Investing LLC increased its position in shares of Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 179 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Ollie’s Bargain Outlet by 5.6% during the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after buying an additional 188 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Loop Capital boosted their price objective on Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday. Truist Financial upped their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America lifted their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $116.58.

About Ollie’s Bargain Outlet

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.