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.
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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