Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Sells 5,485 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP James J. Comitale sold 5,485 shares of Ollie’s Bargain Outlet stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $113.53, for a total value of $622,712.05. Following the completion of the transaction, the senior vice president now owns 4,621 shares in the company, valued at approximately $524,622.13. This represents a 54.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Ollie’s Bargain Outlet Trading Down 0.6 %

NASDAQ:OLLI traded down $0.74 during trading hours on Thursday, hitting $117.46. The company’s stock had a trading volume of 1,574,078 shares, compared to its average volume of 1,110,372. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03. The stock has a fifty day moving average of $106.30 and a 200-day moving average of $102.70. The stock has a market capitalization of $7.19 billion, a P/E ratio of 35.06, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on OLLI. Bank of America lifted their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Wells Fargo & Company upped their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada lifted their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Ollie’s Bargain Outlet by 489.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $25,000 after buying an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $26,000. Blue Trust Inc. boosted its stake in Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at $33,000.

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.