Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Sells $224,278.01 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the transaction, the senior vice president now owns 2,732 shares of the company’s stock, valued at $284,592.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $100.55 on Monday. The stock has a market capitalization of $6.15 billion, a PE ratio of 31.72, a P/E/G ratio of 2.73 and a beta of 0.90. The business has a fifty day moving average price of $89.41 and a two-hundred day moving average price of $80.14. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.08. The firm had revenue of $508.82 million during the quarter, compared to analysts’ expectations of $506.49 million. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 EPS. On average, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLLI. Vanguard Group Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after buying an additional 343,903 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Ollie’s Bargain Outlet by 4.1% during the 1st quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after buying an additional 156,095 shares in the last quarter. Capital Research Global Investors acquired a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth $136,978,000. Geneva Capital Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 0.4% during the 4th quarter. Geneva Capital Management LLC now owns 1,037,404 shares of the company’s stock worth $78,729,000 after buying an additional 4,523 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth $59,215,000.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OLLI. Royal Bank of Canada lifted their target price on Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Wells Fargo & Company lifted their target price on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Morgan Stanley boosted their price target on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, June 6th. Loop Capital boosted their price target on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. upgraded Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 price target for the company in a research note on Monday, June 17th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.08.

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.