Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm Sells 2,317 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 2,317 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total value of $181,050.38. Following the transaction, the chief financial officer now directly owns 1,777 shares of the company’s stock, valued at $138,854.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ollie’s Bargain Outlet Stock Up 3.6 %

Shares of Ollie’s Bargain Outlet stock opened at $78.82 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $52.93 and a 12-month high of $84.38. The stock has a market cap of $4.85 billion, a P/E ratio of 26.99 and a beta of 0.76. The business’s 50 day moving average is $76.32 and its 200-day moving average is $75.53.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The business had revenue of $648.90 million for the quarter, compared to analysts’ expectations of $649.39 million. During the same quarter in the prior year, the business earned $0.84 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on OLLI shares. Truist Financial lifted their price objective on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, March 21st. TheStreet cut Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a report on Thursday, December 14th. UBS Group lifted their price target on Ollie’s Bargain Outlet from $92.00 to $95.00 and gave the company a “neutral” rating in a report on Thursday, December 7th. JPMorgan Chase & Co. dropped their price objective on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Finally, Craig Hallum boosted their target price on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average price target of $84.08.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Large investors have recently added to or reduced their stakes in the business. Operose Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth $26,000. Covestor Ltd lifted its holdings in shares of Ollie’s Bargain Outlet by 48.0% during the second quarter. Covestor Ltd now owns 530 shares of the company’s stock worth $31,000 after buying an additional 172 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Ollie’s Bargain Outlet by 204.4% during the second quarter. Huntington National Bank now owns 554 shares of the company’s stock worth $32,000 after buying an additional 372 shares in the last quarter. Creative Planning acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth $46,000. Finally, KBC Group NV acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $70,000.

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.