Robert Fisch Sells 6,250 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Robert Fisch sold 6,250 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares of the company’s stock, valued at approximately $2,394,944.72. This trade represents a 22.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Stock Up 1.7 %

NASDAQ:OLLI opened at $108.17 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The firm’s fifty day simple moving average is $105.66 and its 200-day simple moving average is $102.02. The stock has a market cap of $6.63 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The company had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $1.23 earnings per share. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Institutional Trading of Ollie’s Bargain Outlet

Institutional investors have recently bought and sold shares of the company. 111 Capital acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth $280,000. Wealth Enhancement Advisory Services LLC raised its position in Ollie’s Bargain Outlet by 65.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,574 shares of the company’s stock worth $721,000 after acquiring an additional 2,608 shares during the last quarter. Jefferies Financial Group Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 20.3% in the fourth quarter. Jefferies Financial Group Inc. now owns 3,628 shares of the company’s stock valued at $398,000 after purchasing an additional 611 shares in the last quarter. ABLE Financial Group LLC grew its position in shares of Ollie’s Bargain Outlet by 34.3% in the fourth quarter. ABLE Financial Group LLC now owns 8,705 shares of the company’s stock valued at $955,000 after purchasing an additional 2,224 shares during the last quarter. Finally, Pullen Investment Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 46.0% during the 4th quarter. Pullen Investment Management LLC now owns 6,217 shares of the company’s stock worth $682,000 after purchasing an additional 1,960 shares in the last quarter.

Analysts Set New Price Targets

OLLI has been the subject of several research analyst reports. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price objective for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Wells Fargo & Company raised their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Morgan Stanley upped their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. Royal Bank of Canada raised their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $123.08.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.