Ollie’s Bargain Outlet (NASDAQ:OLLI) Chairman John Swygert Sells 3,330 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John Swygert sold 3,330 shares of the company’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $95.80, for a total transaction of $319,014.00. Following the transaction, the chairman directly owned 48,200 shares of the company’s stock, valued at $4,617,560. This represents a 6.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $97.31 on Thursday. The company has a 50-day simple moving average of $104.21 and a 200-day simple moving average of $114.53. The firm has a market capitalization of $5.93 billion, a P/E ratio of 24.95, a P/E/G ratio of 1.67 and a beta of 0.59. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $88.44 and a 52 week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.08% and a return on equity of 13.18%. The firm had revenue of $779.26 million during the quarter, compared to analyst estimates of $783.72 million. During the same quarter in the prior year, the business posted $1.19 earnings per share. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. As a group, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC grew its stake in shares of Ollie’s Bargain Outlet by 218.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Allworth Financial LP grew its stake in shares of Ollie’s Bargain Outlet by 301.8% during the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 166 shares during the last quarter. Maseco LLP bought a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $30,000. Private Trust Co. NA grew its stake in shares of Ollie’s Bargain Outlet by 71.3% during the third quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after purchasing an additional 102 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Ollie’s Bargain Outlet by 49.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 279 shares of the company’s stock valued at $31,000 after purchasing an additional 92 shares during the last quarter.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price target for the stock from $130.00 to $135.00 in a research report on Monday, December 22nd. Morgan Stanley dropped their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Bank of America reaffirmed a “buy” rating on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. UBS Group set a $125.00 price objective on shares of Ollie’s Bargain Outlet in a report on Monday, March 16th. Finally, Truist Financial set a $135.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, March 13th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.14.

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.