Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells 2,342 Shares of Stock
by Jessica Moore · The Cerbat GemOllie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Free Report) CEO John W. Swygert sold 2,342 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $75.23, for a total transaction of $176,188.66. Following the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,626,086. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Ollie’s Bargain Outlet Price Performance
Shares of Ollie’s Bargain Outlet stock opened at $70.17 on Friday. The company has a 50-day moving average of $75.48 and a 200 day moving average of $73.15. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 0.86 and a beta of 0.80. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $49.24 and a 1 year high of $83.19.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.06. The company had revenue of $480.05 million during the quarter, compared to analyst estimates of $469.56 million. Ollie’s Bargain Outlet had a net margin of 7.89% and a return on equity of 11.18%. Ollie’s Bargain Outlet’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the business earned $0.37 EPS. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 2.83 EPS for the current year.
Institutional Trading of Ollie’s Bargain Outlet
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Ollie’s Bargain Outlet by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 5,495,026 shares of the company’s stock valued at $424,106,000 after purchasing an additional 54,941 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Ollie’s Bargain Outlet by 97.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 19,262 shares of the company’s stock valued at $1,486,000 after purchasing an additional 9,509 shares during the last quarter. Wellington Management Group LLP grew its position in Ollie’s Bargain Outlet by 141.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock valued at $83,037,000 after purchasing an additional 630,298 shares during the last quarter. American Century Companies Inc. grew its position in Ollie’s Bargain Outlet by 7.5% during the 3rd quarter. American Century Companies Inc. now owns 665,520 shares of the company’s stock valued at $51,365,000 after purchasing an additional 46,316 shares during the last quarter. Finally, Graham Capital Management L.P. grew its position in Ollie’s Bargain Outlet by 66.7% during the 3rd quarter. Graham Capital Management L.P. now owns 15,686 shares of the company’s stock valued at $1,211,000 after purchasing an additional 6,278 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on OLLI shares. Royal Bank of Canada increased their price target on shares of Ollie’s Bargain Outlet from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Truist Financial dropped their price target on shares of Ollie’s Bargain Outlet from $84.00 to $78.00 and set a “hold” rating for the company in a research report on Thursday, December 21st. TheStreet cut shares of Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research report on Thursday, December 14th. Wells Fargo & Company upped their price objective on shares of Ollie’s Bargain Outlet from $87.00 to $88.00 in a report on Monday, October 2nd. Finally, UBS Group upped their price objective on shares of Ollie’s Bargain Outlet from $92.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.23.
Get Our Latest Stock Report on OLLI
About Ollie’s Bargain Outlet
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.