Robert F. Helm Sells 2,139 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 2,139 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.74, for a total value of $247,567.86. Following the completion of the transaction, the chief financial officer now owns 2,961 shares in the company, valued at $342,706.14. This represents a 41.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $113.29 on Friday. The company has a market cap of $6.94 billion, a PE ratio of 33.82, a P/E/G ratio of 2.21 and a beta of 0.83. The firm’s 50 day simple moving average is $106.42 and its 200 day simple moving average is $102.93. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $70.17 and a one year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The firm 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%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. 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 analysts recently issued reports on OLLI shares. Morgan Stanley upped their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Royal Bank of Canada raised their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Loop Capital upped 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 research report on Monday, December 23rd. Finally, Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price objective for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Ollie’s Bargain Outlet by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company’s stock valued at $638,843,000 after purchasing an additional 70,496 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 173.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company’s stock worth $509,671,000 after acquiring an additional 2,948,393 shares during the period. Congress Asset Management Co. lifted its holdings in shares of Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after buying an additional 1,235,994 shares in the last quarter. State Street Corp boosted its holdings in Ollie’s Bargain Outlet by 2.1% in the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company’s stock valued at $181,866,000 after purchasing an additional 38,203 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Ollie’s Bargain Outlet by 1.1% in the 4th quarter. Invesco Ltd. now owns 1,645,472 shares of the company’s stock valued at $180,558,000 after acquiring an additional 17,302 shares in 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.