Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Sells $554,572.44 in Stock

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

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $113.29 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $70.17 and a fifty-two week high of $120.03. The company’s 50 day moving average price is $106.42 and its 200 day moving average price is $102.90. The firm has a market capitalization 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 (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The firm had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the firm posted $1.23 earnings per share. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Ollie’s Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after purchasing an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Ollie’s Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after buying an additional 182 shares during the last quarter. Bogart Wealth LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $26,000. Blue Trust Inc. grew 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 valued at $31,000 after buying an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at $33,000.

Analyst Ratings Changes

A number of research firms have commented on OLLI. Loop Capital lifted their target price 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. Royal Bank of Canada upped 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 report on Friday, March 7th. Truist Financial increased their target price on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Piper Sandler dropped their target price 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus 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.