Kevin Mclain Sells 15,000 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ollie’s Bargain Outlet Trading Down 0.3 %

Shares of NASDAQ OLLI opened at $97.81 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 2.45 and a beta of 0.84. The company’s 50-day moving average price is $95.47 and its 200 day moving average price is $85.96.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter last year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OLLI. Truist Financial raised their target price on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a report on Friday, July 12th. Loop Capital lifted their price target on shares of Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Wells Fargo & Company boosted their target price on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price target for the company from $105.00 to $107.00 in a report on Monday, August 26th. Finally, Piper Sandler reissued an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.33.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently made changes to their positions in the business. Capital Research Global Investors bought a new stake in Ollie’s Bargain Outlet in the first quarter valued at about $136,978,000. Norges Bank bought a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $59,215,000. D. E. Shaw & Co. Inc. increased its position in shares of Ollie’s Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after purchasing an additional 512,928 shares during the period. Los Angeles Capital Management LLC raised its position in Ollie’s Bargain Outlet by 199.3% in the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after acquiring an additional 372,914 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Ollie’s Bargain Outlet by 6.2% during the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after purchasing an additional 343,903 shares during the last quarter.

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.