John Swygert Sells 1,126 Shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John Swygert sold 1,126 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, February 9th. The stock was sold at an average price of $112.06, for a total value of $126,179.56. Following the sale, the chairman owned 48,200 shares of the company’s stock, valued at approximately $5,401,292. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ollie’s Bargain Outlet Trading Up 0.7%

Shares of NASDAQ OLLI traded up $0.78 during trading hours on Wednesday, reaching $113.75. The stock had a trading volume of 511,728 shares, compared to its average volume of 1,071,632. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $94.88 and a 52-week high of $141.74. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 1.72 and a beta of 0.51. The business’s fifty day moving average price is $112.87 and its two-hundred day moving average price is $123.35.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 9th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The company had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. During the same period in the prior year, the business earned $0.58 EPS. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Equities research analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Citigroup decreased their price target on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price objective for the company from $130.00 to $135.00 in a report on Monday, December 22nd. Craig Hallum reissued a “buy” rating and issued a $157.00 target price on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Finally, UBS Group reduced their target price on Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, December 10th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.14.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently bought and sold shares of OLLI. SG Capital Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter worth about $13,682,000. New York Life Investment Management LLC acquired a new stake in Ollie’s Bargain Outlet during the second quarter worth $846,000. Pembroke Management LTD raised its holdings in Ollie’s Bargain Outlet by 9.7% in the 3rd quarter. Pembroke Management LTD now owns 101,061 shares of the company’s stock valued at $12,976,000 after buying an additional 8,942 shares during the period. SG Americas Securities LLC raised its position in Ollie’s Bargain Outlet by 315.4% in the third quarter. SG Americas Securities LLC now owns 29,771 shares of the company’s stock valued at $3,823,000 after purchasing an additional 22,604 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in shares of Ollie’s Bargain Outlet by 63.9% in the 3rd quarter. New York State Common Retirement Fund now owns 104,385 shares of the company’s stock valued at $13,403,000 after buying an additional 40,705 shares during the period.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.