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.
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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