Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman Sells $703,959.62 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John W. Swygert sold 6,526 shares of the firm’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the transaction, the chairman now owns 53,432 shares in the company, valued at $5,763,709.84. The trade was a 10.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $113.24 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The company has a market cap of $6.94 billion, a PE ratio of 33.80, a P/E/G ratio of 2.21 and a beta of 0.83. The firm’s 50 day simple moving average is $105.96 and its 200 day simple moving average is $102.31.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Craig Hallum upped their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Truist Financial upped their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently made changes to their positions in the stock. Quest Partners LLC acquired a new position in shares of Ollie’s Bargain Outlet in the third quarter worth approximately $196,000. Charles Schwab Investment Management Inc. lifted its position in shares of Ollie’s Bargain Outlet by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock worth $73,256,000 after purchasing an additional 5,438 shares during the period. Great Valley Advisor Group Inc. bought a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $222,000. Townsquare Capital LLC increased its position in shares of Ollie’s Bargain Outlet by 2.0% during the third quarter. Townsquare Capital LLC now owns 106,917 shares of the company’s stock worth $10,392,000 after buying an additional 2,114 shares during the period. Finally, FORA Capital LLC raised its stake in Ollie’s Bargain Outlet by 3.2% during the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock worth $467,000 after buying an additional 148 shares during the last quarter.

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.