Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Sells 6,250 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Robert Fisch sold 6,250 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the sale, the director now owns 22,159 shares of the company’s stock, valued at $2,394,944.72. This trade represents a 22.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $106.37 on Wednesday. The company has a market cap of $6.52 billion, a PE ratio of 31.75, a P/E/G ratio of 2.21 and a beta of 0.83. The firm’s 50 day moving average price is $105.43 and its 200-day moving average price is $101.98. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Ollie’s Bargain Outlet by 489.7% in 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 increased its position in shares of Ollie’s Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $26,000. Blue Trust Inc. boosted its position in shares of Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in Ollie’s Bargain Outlet during the 4th quarter worth $33,000.

Analyst Ratings Changes

Several brokerages have issued reports on OLLI. Morgan Stanley raised their price objective 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. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price objective for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Bank of America increased their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Royal Bank of Canada boosted their target price on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Piper Sandler decreased their price objective on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating for the company in a report on Thursday, March 20th. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.