Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Kevin Mclain Sells 4,799 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Kevin Mclain sold 4,799 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total transaction of $554,572.44. Following the completion of the transaction, the senior vice president now owns 12,336 shares of the company’s stock, valued at $1,425,548.16. This trade represents a 28.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ollie’s Bargain Outlet Stock Up 3.2 %

Shares of Ollie’s Bargain Outlet stock opened at $118.20 on Thursday. The business has a fifty day simple moving average of $106.30 and a 200 day simple moving average of $102.70. The stock has a market cap of $7.24 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 earnings per share. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on OLLI shares. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Truist Financial lifted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. UBS Group upped their price target on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. Craig Hallum raised their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company upped their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.08.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds have recently bought and sold shares of OLLI. 111 Capital bought a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $280,000. Wealth Enhancement Advisory Services LLC lifted its position in Ollie’s Bargain Outlet by 65.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,574 shares of the company’s stock valued at $721,000 after acquiring an additional 2,608 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in Ollie’s Bargain Outlet by 20.3% in the 4th quarter. Jefferies Financial Group Inc. now owns 3,628 shares of the company’s stock worth $398,000 after purchasing an additional 611 shares during the period. ABLE Financial Group LLC raised its stake in shares of Ollie’s Bargain Outlet by 34.3% in the 4th quarter. ABLE Financial Group LLC now owns 8,705 shares of the company’s stock valued at $955,000 after purchasing an additional 2,224 shares during the period. Finally, Pullen Investment Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 46.0% in the fourth quarter. Pullen Investment Management LLC now owns 6,217 shares of the company’s stock valued at $682,000 after purchasing an additional 1,960 shares in the last quarter.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.