Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Sells $232,732.50 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 2,145 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.50, for a total value of $232,732.50. Following the transaction, the chief financial officer now owns 3,888 shares in the company, valued at approximately $421,848. This trade represents a 35.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $113.24 on Friday. The stock has a fifty day moving average of $105.96 and a 200-day moving average of $102.24. The stock has a market capitalization of $6.94 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The company had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $1.23 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank of Canada increased their price objective on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their price target on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Piper Sandler cut their price objective 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. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Finally, Loop Capital boosted their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.08.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legacy Capital Wealth Partners LLC lifted its stake in shares of Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after acquiring an additional 94 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Ollie’s Bargain Outlet by 3.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock valued at $320,000 after purchasing an additional 97 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after purchasing an additional 110 shares during the last quarter. Finally, Precision Wealth Strategies LLC increased its stake in shares of Ollie’s Bargain Outlet by 3.2% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock valued at $427,000 after buying an additional 119 shares during the period.

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.