Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Sells 5,000 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson sold 5,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $72.29, for a total transaction of $361,450.00. Following the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $409,089.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ollie’s Bargain Outlet Stock Up 0.7 %

Ollie’s Bargain Outlet stock traded up $0.49 during midday trading on Monday, reaching $73.70. The stock had a trading volume of 1,019,810 shares, compared to its average volume of 916,355. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $52.93 and a 52-week high of $84.38. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 25.07 and a beta of 0.76. The company has a fifty day moving average of $76.07 and a 200 day moving average of $75.09.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The company had revenue of $648.90 million for the quarter, compared to analyst estimates of $649.39 million. During the same period in the prior year, the company posted $0.84 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. Equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on OLLI shares. Truist Financial increased their price objective on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Craig Hallum increased their price target on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price target on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $86.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. Finally, The Goldman Sachs Group increased their price target on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.92.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently modified their holdings of OLLI. Norges Bank purchased a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth approximately $59,215,000. Wellington Management Group LLP increased its position in shares of Ollie’s Bargain Outlet by 141.5% during the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock worth $83,037,000 after acquiring an additional 630,298 shares during the period. Invesco Ltd. increased its position in shares of Ollie’s Bargain Outlet by 76.1% during the third quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock worth $64,177,000 after acquiring an additional 359,371 shares during the period. AQR Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet by 334.7% during the third quarter. AQR Capital Management LLC now owns 305,060 shares of the company’s stock worth $23,444,000 after acquiring an additional 234,886 shares during the period. Finally, Wasatch Advisors LP increased its position in shares of Ollie’s Bargain Outlet by 5.2% during the fourth quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock worth $285,459,000 after acquiring an additional 184,864 shares during the period.

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.