Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Sells $361,450.00 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the sale, the director now directly owns 5,659 shares of the company’s stock, valued at $409,089.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Trading Up 2.1 %

OLLI opened at $75.22 on Wednesday. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 25.76 and a beta of 0.76. The stock has a fifty day moving average price of $75.97 and a 200-day moving average price of $75.10. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $52.93 and a 12 month high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The firm had revenue of $648.90 million for the quarter, compared to analyst estimates of $649.39 million. During the same period in the previous year, the company earned $0.84 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 194.3% in the 1st quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares during the last quarter. Operose Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the third quarter worth about $26,000. Partnership Wealth Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $68,000. CWM LLC grew its holdings in Ollie’s Bargain Outlet by 58.5% during the third quarter. CWM LLC now owns 1,384 shares of the company’s stock worth $107,000 after acquiring an additional 511 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new position in Ollie’s Bargain Outlet in the third quarter valued at approximately $143,000.

Analyst Ratings Changes

OLLI has been the subject of several research analyst reports. Craig Hallum lifted their target price on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $86.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. Truist Financial raised their target price on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. The Goldman Sachs Group lifted their price target on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $90.00 in a research note on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.92.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.