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.
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
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