Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert Sells 1,517 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 1,517 shares of the company’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $87.48, for a total transaction of $132,707.16. Following the completion of the transaction, the chief executive officer now owns 25,156 shares in the company, valued at $2,200,646.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of OLLI opened at $86.56 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $50.84 and a twelve month high of $123.52. The firm’s fifty day simple moving average is $88.51 and its 200-day simple moving average is $89.08. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 1.59 and a beta of 1.13.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, March 17th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $515.80 million for the quarter, compared to analyst estimates of $487.74 million. Ollie’s Bargain Outlet had a return on equity of 16.64% and a net margin of 13.31%. Ollie’s Bargain Outlet’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 earnings per share. Equities research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.04 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of OLLI. Capstone Triton Financial Group LLC purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter worth approximately $31,000. International Assets Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $40,000. Perigon Wealth Management LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $63,000. Jackson Square Capital LLC grew its position in shares of Ollie’s Bargain Outlet by 18.3% in the 3rd quarter. Jackson Square Capital LLC now owns 931 shares of the company’s stock valued at $81,000 after buying an additional 144 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in Ollie’s Bargain Outlet by 57.6% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,196 shares of the company’s stock valued at $98,000 after acquiring an additional 437 shares during the last quarter.

A number of brokerages have issued reports on OLLI. Zacks Investment Research lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating and set a $96.00 target price on the stock. in a research report on Friday, January 8th. Morgan Stanley downgraded Ollie’s Bargain Outlet from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $86.00 to $80.00 in a report on Wednesday, January 20th. Royal Bank of Canada lowered their target price on Ollie’s Bargain Outlet from $109.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, March 25th. Bank of America lowered shares of Ollie’s Bargain Outlet from a “buy” rating to an “underperform” rating and cut their price target for the stock from $105.00 to $82.00 in a research note on Thursday, January 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $109.00 and gave the company an “overweight” rating in a research note on Tuesday, February 16th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Ollie’s Bargain Outlet has a consensus rating of “Hold” and a consensus target price of $94.13.

About Ollie’s Bargain Outlet

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, health and beauty 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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