John W. Swygert Sells 4,800 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 4,800 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total value of $492,480.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,945,320. The trade was a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $97.31 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $68.05 and a 1-year high of $104.98. The business has a fifty day moving average price of $94.85 and a 200 day moving average price of $93.73. The stock has a market capitalization of $5.97 billion, a P/E ratio of 29.67, a price-to-earnings-growth ratio of 2.48 and a beta of 0.85.

Institutional Trading of Ollie’s Bargain Outlet

Institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of Ollie’s Bargain Outlet by 2.1% during the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company’s stock worth $181,866,000 after acquiring an additional 38,203 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock worth $104,860,000 after purchasing an additional 9,492 shares in the last quarter. Geneva Capital Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock valued at $102,106,000 after purchasing an additional 13,369 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Ollie’s Bargain Outlet by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock worth $76,579,000 after purchasing an additional 41,605 shares in the last quarter. Finally, Fred Alger Management LLC grew its stake in Ollie’s Bargain Outlet by 12.1% during the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after buying an additional 83,063 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OLLI shares. Loop Capital reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price objective for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Piper Sandler reaffirmed an “overweight” rating and set a $107.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. Finally, Bank of America lifted their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and an average target price of $104.50.

Ollie’s Bargain Outlet Company Profile

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.