John W. Swygert Sells 6,526 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John W. Swygert sold 6,526 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the sale, the chairman now owns 53,432 shares in the company, valued at approximately $5,763,709.84. The trade was a 10.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Ollie’s Bargain Outlet Stock Up 0.2 %

Shares of NASDAQ:OLLI opened at $113.24 on Monday. The company 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 firm has a 50 day moving average of $105.96 and a 200 day moving average of $102.35. 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 released its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. During the same period in the previous year, the firm posted $1.23 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Institutional Trading of Ollie’s Bargain Outlet

Several hedge funds have recently modified their holdings of the company. 111 Capital bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $280,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Ollie’s Bargain Outlet by 65.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,574 shares of the company’s stock worth $721,000 after purchasing an additional 2,608 shares in the last quarter. Jefferies Financial Group Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 20.3% during the 4th 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 last quarter. ABLE Financial Group LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 34.3% during the 4th 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 during the last quarter. Finally, Pullen Investment Management LLC boosted its position in shares of Ollie’s Bargain Outlet by 46.0% in the 4th 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 in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OLLI shares. Piper Sandler reduced their target price on 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. Morgan Stanley raised their price target on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price objective for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Royal Bank of Canada raised their target price on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, Loop Capital lifted 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 note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.