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

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

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock traded down $0.87 during trading on Wednesday, hitting $98.13. The company’s stock had a trading volume of 795,616 shares, compared to its average volume of 1,041,581. The company has a market capitalization of $6.02 billion, a PE ratio of 31.23, a P/E/G ratio of 2.45 and a beta of 0.84. The company has a fifty day simple moving average of $95.55 and a two-hundred day simple moving average of $85.79. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.05 and a 52 week high of $104.98.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its holdings in Ollie’s Bargain Outlet by 6.4% in the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock worth $170,000 after buying an additional 104 shares in the last quarter. Vista Investment Partners LLC increased its holdings in Ollie’s Bargain Outlet by 1.8% in the 1st quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after acquiring an additional 191 shares in the last quarter. Bank of Montreal Can raised its stake in Ollie’s Bargain Outlet by 2.4% during the 2nd quarter. Bank of Montreal Can now owns 8,319 shares of the company’s stock worth $820,000 after acquiring an additional 195 shares during the period. Bridge City Capital LLC lifted its holdings in Ollie’s Bargain Outlet by 0.8% during the first quarter. Bridge City Capital LLC now owns 31,301 shares of the company’s stock valued at $2,491,000 after purchasing an additional 240 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the second quarter worth $25,000.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OLLI shares. Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 6th. Piper Sandler reissued an “overweight” rating and issued a $107.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, August 30th. JPMorgan Chase & Co. reduced their target price on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. UBS Group raised their price objective on shares of 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, Wells Fargo & Company upped their price target on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.33.

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.