Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $492,480.00 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 4,800 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total transaction of $492,480.00. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,945,320. The trade was a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ollie’s Bargain Outlet Trading Up 3.1 %

Shares of Ollie’s Bargain Outlet stock opened at $100.31 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $104.98. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 2.48 and a beta of 0.85. The firm’s 50 day simple moving average is $94.84 and its two-hundred day simple moving average is $93.78.

Wall Street Analysts Forecast Growth

OLLI has been the topic of a number of recent research reports. Royal Bank of Canada increased their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company downgraded Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $100.00 to $95.00 in a report on Tuesday. Loop Capital restated a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Piper Sandler reiterated an “overweight” rating and issued a $107.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, October 4th. Finally, Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their price target for the company from $105.00 to $107.00 in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $104.50.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its stake in Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after purchasing an additional 104 shares in the last quarter. Trust Point Inc. increased its stake in Ollie’s Bargain Outlet by 1.0% during the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after purchasing an additional 134 shares in the last quarter. FORA Capital LLC increased its stake in Ollie’s Bargain Outlet by 3.2% during the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock valued at $467,000 after purchasing an additional 148 shares in the last quarter. GAMMA Investing LLC increased its stake in Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Ollie’s Bargain Outlet by 5.6% in the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock worth $344,000 after acquiring an additional 188 shares during the period.

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.