Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $5,944,561.92 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 54,318 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $5,275,008. The trade was a 52.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Ollie’s Bargain Outlet Stock Up 1.4 %

NASDAQ:OLLI opened at $112.77 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $115.98. The company has a market cap of $6.91 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.81 and a beta of 0.85. The business has a 50 day moving average price of $96.26 and a two-hundred day moving average price of $95.19.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OLLI. Loop Capital boosted their price target on shares of Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler boosted their target price on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America raised their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group boosted their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their target price for the stock from $105.00 to $107.00 in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $116.58.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 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 worth $55,637,000 after purchasing an additional 512,928 shares during the last quarter. Holocene Advisors LP increased its holdings in Ollie’s Bargain Outlet by 10,159.3% during the third quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after buying an additional 466,818 shares during the last quarter. Los Angeles Capital Management LLC raised its position in Ollie’s Bargain Outlet by 199.3% during 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. Wellington Management Group LLP lifted its stake in Ollie’s Bargain Outlet by 155.8% in the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock valued at $46,952,000 after acquiring an additional 294,217 shares during the last quarter. Finally, Loomis Sayles & Co. L P bought a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at about $16,590,000.

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.