Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells 1,153 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $110.85, for a total value of $127,810.05. Following the completion of the sale, the chief executive officer now owns 6,768 shares of the company’s stock, valued at $750,232.80. The trade was a 14.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI traded up $3.65 during trading on Wednesday, reaching $118.20. The company had a trading volume of 1,714,627 shares, compared to its average volume of 1,109,109. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 35.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The stock’s fifty day moving average price is $106.16 and its 200 day moving average price is $102.59. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03.

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. Loop Capital increased their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. boosted their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Piper Sandler dropped their target price on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Truist Financial lifted their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, UBS Group boosted their price objective on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Hedge funds have recently made changes to their positions in the business. 111 Capital acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $280,000. Wealth Enhancement Advisory Services LLC grew its stake in Ollie’s Bargain Outlet by 65.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,574 shares of the company’s stock worth $721,000 after purchasing an additional 2,608 shares in the last quarter. Jefferies Financial Group Inc. grew its position in shares of Ollie’s Bargain Outlet by 20.3% in the 4th quarter. Jefferies Financial Group Inc. now owns 3,628 shares of the company’s stock worth $398,000 after acquiring an additional 611 shares in the last quarter. ABLE Financial Group LLC increased its stake in Ollie’s Bargain Outlet by 34.3% during the fourth quarter. ABLE Financial Group LLC now owns 8,705 shares of the company’s stock valued at $955,000 after purchasing an additional 2,224 shares during the last quarter. Finally, Pullen Investment Management LLC grew its position in shares of Ollie’s Bargain Outlet by 46.0% during the 4th quarter. Pullen Investment Management LLC now owns 6,217 shares of the company’s stock valued at $682,000 after buying an additional 1,960 shares during the last quarter.

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.