Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Sells $140,224.00 in Stock

Posted by Lisa Pomrenke on Apr 8th, 2021

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Ray Daugherty sold 1,600 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, April 5th. The stock was sold at an average price of $87.64, for a total transaction of $140,224.00. Following the transaction, the senior vice president now owns 2,161 shares in the company, valued at approximately $189,390.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OLLI opened at $86.56 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $50.84 and a 1-year high of $123.52. The company has a market cap of $5.67 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. The company has a fifty day moving average price of $88.51 and a two-hundred day moving average price of $89.08.

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

A number of brokerages have recently commented on OLLI. Morgan Stanley lowered shares of Ollie’s Bargain Outlet from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $86.00 to $80.00 in a report on Wednesday, January 20th. JPMorgan Chase & Co. lifted their price target on shares of Ollie’s Bargain Outlet from $105.00 to $109.00 and gave the stock an “overweight” rating in a report on Tuesday, February 16th. Royal Bank of Canada cut their price target on shares of Ollie’s Bargain Outlet from $109.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, March 25th. Craig Hallum lifted their price target on shares of Ollie’s Bargain Outlet from $100.00 to $117.00 and gave the stock a “buy” rating in a report on Thursday, March 25th. Finally, Piper Sandler boosted their target price on shares of Ollie’s Bargain Outlet from $94.00 to $107.00 and gave the company an “overweight” rating in a report on Friday, March 19th. Five analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Ollie’s Bargain Outlet has a consensus rating of “Hold” and a consensus price target of $94.13.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Alliance increased its stake in Ollie’s Bargain Outlet by 4.8% in the third quarter. Wealth Alliance now owns 2,904 shares of the company’s stock valued at $254,000 after purchasing an additional 133 shares in the last quarter. Jackson Square Capital LLC increased its position in shares of Ollie’s Bargain Outlet by 18.3% during the third quarter. Jackson Square Capital LLC now owns 931 shares of the company’s stock worth $81,000 after acquiring an additional 144 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Ollie’s Bargain Outlet by 15.1% during the third quarter. Guggenheim Capital LLC now owns 2,438 shares of the company’s stock worth $213,000 after acquiring an additional 320 shares in the last quarter. MBM Wealth Consultants LLC increased its position in shares of Ollie’s Bargain Outlet by 8.2% during the fourth quarter. MBM Wealth Consultants LLC now owns 4,240 shares of the company’s stock worth $347,000 after acquiring an additional 320 shares in the last quarter. Finally, Capstone Triton Financial Group LLC bought a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $31,000.

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, 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.

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Sells $140,224.00 in Stock

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