Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells 4,032 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 4,032 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ollie’s Bargain Outlet Stock Up 0.3 %

Shares of OLLI traded up $0.32 during trading hours on Tuesday, hitting $100.90. 937,809 shares of the company were exchanged, compared to its average volume of 1,029,358. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 2.35 and a beta of 0.84. The firm’s fifty day moving average is $94.82 and its 200 day moving average is $92.65.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same quarter last year, the business posted $0.67 earnings per share. The company’s quarterly revenue was up 12.4% on a year-over-year basis. Analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.27 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Loop Capital reissued a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. Bank of America boosted their price objective on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.92.

Institutional Trading of Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC grew its stake in shares of Ollie’s Bargain Outlet by 464.8% in the third quarter. Sanctuary Advisors LLC now owns 17,135 shares of the company’s stock worth $1,621,000 after purchasing an additional 14,101 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at about $969,000. Geode Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after buying an additional 9,492 shares during the period. Bullseye Asset Management LLC lifted its stake in shares of Ollie’s Bargain Outlet by 1.8% in the third quarter. Bullseye Asset Management LLC now owns 55,274 shares of the company’s stock worth $5,373,000 after acquiring an additional 1,000 shares during the period. Finally, Barclays PLC boosted its holdings in Ollie’s Bargain Outlet by 59.2% in the third quarter. Barclays PLC now owns 41,307 shares of the company’s stock valued at $4,014,000 after acquiring an additional 15,357 shares during the last quarter.

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.