Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) VP Sells $791,273.88 in Stock

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) VP Kenneth Robert Bertram sold 12,228 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.71, for a total value of $791,273.88. Following the sale, the vice president now directly owns 41,717 shares in the company, valued at approximately $2,699,507.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Ollie’s Bargain Outlet stock traded down $0.17 during trading hours on Wednesday, reaching $63.88. The stock had a trading volume of 200 shares, compared to its average volume of 699,832. The firm has a 50 day simple moving average of $62.33 and a two-hundred day simple moving average of $78.12. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 1.54 and a beta of 0.88. The company has a current ratio of 2.13, a quick ratio of 0.41 and a debt-to-equity ratio of 0.26. Ollie’s Bargain Outlet Holdings Inc has a 1 year low of $53.60 and a 1 year high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, August 28th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The firm had revenue of $333.90 million during the quarter, compared to analysts’ expectations of $339.83 million. Ollie’s Bargain Outlet had a return on equity of 12.67% and a net margin of 10.37%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 earnings per share. Sell-side analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 1.97 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter worth about $26,000. Whitnell & Co. purchased a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter worth about $26,000. Princeton Global Asset Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter worth about $35,000. Private Capital Group LLC raised its holdings in shares of Ollie’s Bargain Outlet by 166.3% in the 2nd quarter. Private Capital Group LLC now owns 522 shares of the company’s stock worth $38,000 after purchasing an additional 326 shares during the period. Finally, Intercontinental Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter worth about $39,000. Institutional investors own 93.01% of the company’s stock.

A number of research firms recently commented on OLLI. Loop Capital decreased their price objective on Ollie’s Bargain Outlet to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Co reiterated a “market perform” rating and set a $60.00 target price (down from $85.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, August 29th. TheStreet downgraded Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research report on Wednesday, October 2nd. KeyCorp reduced their target price on Ollie’s Bargain Outlet from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Finally, ValuEngine downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $80.00.

Ollie’s Bargain Outlet Company Profile

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

Further Reading: Earnings Reports

Insider Buying and Selling by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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