Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Sells $622,712.05 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP James J. Comitale sold 5,485 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $113.53, for a total transaction of $622,712.05. Following the completion of the transaction, the senior vice president now owns 4,621 shares of the company’s stock, valued at approximately $524,622.13. The trade was a 54.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Ollie’s Bargain Outlet Stock Down 3.6 %

Shares of NASDAQ:OLLI opened at $113.29 on Friday. The company has a 50-day moving average price of $106.42 and a 200 day moving average price of $102.93. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $70.17 and a 52 week high of $120.03. The company has a market cap of $6.94 billion, a P/E ratio of 33.82, a PEG ratio of 2.21 and a beta of 0.83.

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). The business had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 earnings per share. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OLLI. Morgan Stanley upped their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Wells Fargo & Company increased their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Finally, Truist Financial raised their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $123.08.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Ollie’s Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after buying an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of Ollie’s Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after acquiring an additional 182 shares during the period. Bogart Wealth LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new position in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $33,000.

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.