John W. Swygert Sells 5,232 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John W. Swygert sold 5,232 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $112.51, for a total transaction of $588,652.32. Following the completion of the sale, the chairman now owns 48,200 shares of the company’s stock, valued at approximately $5,422,982. This trade represents a 9.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $113.24 on Friday. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 33.80, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The company has a 50-day moving average of $105.96 and a two-hundred day moving average of $102.31. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $68.05 and a 52-week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 EPS. Equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Large investors have recently bought and sold shares of the stock. 111 Capital acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at about $280,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ollie’s Bargain Outlet by 65.8% in the 4th 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 period. Jefferies Financial Group Inc. increased its position in shares of Ollie’s Bargain Outlet by 20.3% during 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 during the period. ABLE Financial Group LLC raised its stake 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 in the last quarter. Finally, Pullen Investment Management LLC lifted its position in Ollie’s Bargain Outlet by 46.0% in the fourth 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 during the period.

Wall Street Analyst Weigh In

OLLI has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on 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. Loop Capital raised their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Craig Hallum increased their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Finally, UBS Group upped their target price on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research report on Thursday, March 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.08.

Ollie’s Bargain Outlet Company Profile

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.