Thomas Hendrickson Sells 4,500 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson sold 4,500 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.54, for a total value of $438,930.00. Following the completion of the sale, the director now owns 5,659 shares in the company, valued at $551,978.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Thomas Hendrickson also recently made the following trade(s):

• On Thursday, April 18th, Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock. The shares were sold at an average price of $72.29, for a total value of $361,450.00.

Ollie’s Bargain Outlet Trading Down 0.1 %

OLLI stock opened at $98.31 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $57.31 and a 1-year high of $100.44. The business’s 50 day simple moving average is $81.09 and its 200 day simple moving average is $76.89. The firm has a market capitalization of $6.02 billion, a PE ratio of 31.01, a PEG ratio of 2.67 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $508.82 million during the quarter, compared to analysts’ expectations of $506.49 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Ollie’s Bargain Outlet by 6.2% in the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after purchasing an additional 343,903 shares during the last quarter. Wasatch Advisors LP grew its holdings in Ollie’s Bargain Outlet by 4.1% in the 1st quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock valued at $311,721,000 after buying an additional 156,095 shares in the last quarter. Capital Research Global Investors bought a new position in Ollie’s Bargain Outlet during the 1st quarter worth $136,978,000. Wellington Management Group LLP lifted its holdings 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 buying an additional 630,298 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its position in shares of Ollie’s Bargain Outlet by 0.4% in the fourth quarter. Geneva Capital Management LLC now owns 1,037,404 shares of the company’s stock valued at $78,729,000 after acquiring an additional 4,523 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 price objective on the stock in a report on Monday, June 17th. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $86.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Bank of America increased their price objective on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. UBS Group raised their price objective on Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. Finally, Craig Hallum upped their target price on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.50.

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.