Robert F. Helm Sells 312 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 312 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $107.17, for a total transaction of $33,437.04. Following the transaction, the chief financial officer now owns 3,273 shares in the company, valued at $350,767.41. The trade was a 8.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI traded down $4.58 on Tuesday, reaching $103.49. The company’s stock had a trading volume of 1,611,796 shares, compared to its average volume of 1,117,707. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $70.17 and a 12-month high of $120.03. The stock’s 50 day simple moving average is $106.32 and its two-hundred day simple moving average is $103.03. The stock has a market capitalization of $6.34 billion, a P/E ratio of 30.89, a PEG ratio of 2.21 and a beta of 0.75.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its 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 firm 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 was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 EPS. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

OLLI has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Loop Capital boosted their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. UBS Group raised their target price on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Finally, Bank of America boosted their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One equities 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. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

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

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.