Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Der Valk Eric Van Sells 1,153 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Der Valk Eric Van sold 1,153 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the transaction, the chief executive officer now owns 6,768 shares of the company’s stock, valued at $750,232.80. This trade represents a 14.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $118.20 on Thursday. The company has a market capitalization of $7.24 billion, a P/E ratio of 35.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The business has a 50-day moving average of $106.30 and a two-hundred day moving average of $102.70. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $68.05 and a 1 year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted 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 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 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 86.2% in the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock valued at $926,000 after purchasing an additional 3,906 shares in the last quarter. Oak Thistle LLC bought a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at approximately $1,345,000. JPMorgan Chase & Co. lifted its stake in Ollie’s Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock valued at $18,400,000 after acquiring an additional 83,882 shares in the last quarter. Van ECK Associates Corp boosted its position in Ollie’s Bargain Outlet by 36.5% during the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock worth $5,120,000 after acquiring an additional 12,476 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $2,049,000.

Analyst Ratings Changes

OLLI has been the subject of a number of recent research reports. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Craig Hallum upped their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Bank of America lifted their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler reduced their price objective on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, Truist Financial upped their target price on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One 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, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average price target 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.