Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Sells 5,000 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total transaction of $361,450.00. Following the completion of the transaction, the director now owns 5,659 shares of the company’s stock, valued at $409,089.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $74.71 on Thursday. The firm has a market cap of $4.58 billion, a PE ratio of 25.59 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $52.93 and a 12 month high of $84.38. The firm has a 50 day simple moving average of $75.90 and a 200 day simple moving average of $75.10.

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

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds have recently made changes to their positions in OLLI. Venturi Wealth Management LLC lifted its position in Ollie’s Bargain Outlet by 194.3% in the 1st quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after buying an additional 204 shares in the last quarter. Operose Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the 3rd quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth approximately $29,000. Partnership Wealth Management LLC purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter worth approximately $68,000. Finally, CWM LLC lifted its position in Ollie’s Bargain Outlet by 58.5% in the 3rd quarter. CWM LLC now owns 1,384 shares of the company’s stock worth $107,000 after buying an additional 511 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on OLLI shares. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price objective for the company from $80.00 to $90.00 in a report on Friday, April 5th. The Goldman Sachs Group increased their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $86.00 price objective on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. Truist Financial increased their price objective on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Finally, Craig Hallum increased their target price on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $84.92.

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.