Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Sells $13,600.00 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 170 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $80.00, for a total value of $13,600.00. Following the completion of the transaction, the chief financial officer now owns 1,437 shares of the company’s stock, valued at $114,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $78.72 on Friday. The company’s fifty day moving average price is $74.95 and its two-hundred day moving average price is $75.28. The firm has a market capitalization of $4.82 billion, a P/E ratio of 26.96 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.

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 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 firm had revenue of $648.90 million during the quarter, compared to the consensus estimate of $649.39 million. During the same quarter in the prior year, the business posted $0.84 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 194.3% during the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the last quarter. Operose Advisors LLC bought a new position in Ollie’s Bargain Outlet during the 3rd quarter worth approximately $26,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 1st quarter worth approximately $29,000. ORG Partners LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at approximately $28,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at approximately $48,000.

Analyst Ratings Changes

A number of research analysts have recently commented on OLLI shares. Truist Financial raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their price objective for the company from $80.00 to $86.00 in a research note on Friday, May 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $86.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. JPMorgan Chase & Co. decreased their price target on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Bank of America started coverage on Ollie’s Bargain Outlet in a report on Monday. They set a “buy” rating and a $92.00 price objective for the company. Finally, Loop Capital upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their target price for the company from $80.00 to $90.00 in a report on Friday, April 5th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.08.

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.