Insider Selling: Ollie’s Bargain Outlet Holdings Inc (OLLI) CEO Sells 60,000 Shares of Stock

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) CEO Mark L. Butler sold 60,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $89.89, for a total value of $5,393,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of OLLI stock opened at $91.28 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.51 and a quick ratio of 0.31. The firm has a market cap of $5.61 billion, a P/E ratio of 73.02, a PEG ratio of 2.04 and a beta of 0.37. Ollie’s Bargain Outlet Holdings Inc has a 12 month low of $42.36 and a 12 month high of $97.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $288.10 million during the quarter, compared to the consensus estimate of $284.19 million. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 1.75 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the stock. CIBC World Markets Inc. grew its stake in shares of Ollie’s Bargain Outlet by 23.9% during the third quarter. CIBC World Markets Inc. now owns 31,040 shares of the company’s stock worth $2,983,000 after purchasing an additional 5,996 shares in the last quarter. Rafferty Asset Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the third quarter worth $313,000. American International Group Inc. boosted its stake in Ollie’s Bargain Outlet by 3.6% in the third quarter. American International Group Inc. now owns 136,567 shares of the company’s stock valued at $13,124,000 after acquiring an additional 4,715 shares in the last quarter. BlackRock Inc. boosted its stake in Ollie’s Bargain Outlet by 4.7% in the third quarter. BlackRock Inc. now owns 5,727,645 shares of the company’s stock valued at $550,427,000 after acquiring an additional 259,631 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Ollie’s Bargain Outlet by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 950,375 shares of the company’s stock valued at $91,331,000 after acquiring an additional 4,733 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

A number of analysts have recently weighed in on the company. BidaskClub raised Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 3rd. Morgan Stanley upped their price objective on Ollie’s Bargain Outlet from $63.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 17th. Zacks Investment Research raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Monday, September 10th. Buckingham Research upped their price objective on Ollie’s Bargain Outlet from $75.00 to $90.00 and gave the stock a “neutral” rating in a research report on Thursday, September 6th. Finally, MKM Partners upped their price objective on Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 5th. Seven investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $88.25.

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Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Insider Buying and Selling by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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