John W. Swygert Sells 4,800 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 4,800 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total transaction of $492,480.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,945,320. This trade represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $99.87 on Tuesday. The stock has a market capitalization of $6.13 billion, a PE ratio of 30.45, a P/E/G ratio of 2.46 and a beta of 0.84. The stock has a 50-day simple moving average of $94.95 and a 200 day simple moving average of $93.56. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $104.98.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Ollie’s Bargain Outlet during the second quarter worth $25,000. Opal Wealth Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at about $31,000. Crewe Advisors LLC acquired a new stake in Ollie’s Bargain Outlet during the second quarter worth about $36,000. Versant Capital Management Inc bought a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth $38,000. Finally, GAMMA Investing LLC boosted its stake in Ollie’s Bargain Outlet by 686.7% during the 2nd quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock worth $46,000 after acquiring an additional 412 shares during the last quarter.

Wall Street Analysts Forecast Growth

OLLI has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price target on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Bank of America boosted their target price on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. UBS Group raised their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price objective for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Finally, Loop Capital restated a “buy” rating and set a $110.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.92.

About Ollie’s Bargain Outlet

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.