Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) VP Larry Kraus sold 2,928 shares of the company's stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $79.00, for a total value of $231,312.00. Following the sale, the vice president now owns 1,905 shares of the company's stock, valued at approximately $150,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ollie's Bargain Outlet Stock Up 1.0 %
Shares of OLLI stock opened at $79.57 on Friday. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $52.93 and a 52 week high of $84.38. The firm has a 50 day moving average of $76.43 and a 200-day moving average of $75.56. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 27.25 and a beta of 0.76.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $648.90 million during the quarter, compared to analyst estimates of $649.39 million. Ollie's Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The company's quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. Analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current year.
Analyst Ratings Changes
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OLLI has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on Ollie's Bargain Outlet from $91.00 to $104.00 and gave the company a "buy" rating in a research report on Thursday, March 21st. TheStreet downgraded shares of Ollie's Bargain Outlet from a "b" rating to a "c+" rating in a research note on Thursday, December 14th. Truist Financial boosted their target price on shares of Ollie's Bargain Outlet from $78.00 to $80.00 and gave the company a "hold" rating in a research note on Thursday, March 21st. Craig Hallum boosted their price target on shares of Ollie's Bargain Outlet from $98.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $86.00 target price on shares of Ollie's Bargain Outlet in a research report on Thursday, March 21st. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.08.
Read Our Latest Analysis on OLLI
Institutional Investors Weigh In On Ollie's Bargain Outlet
Institutional investors have recently modified their holdings of the stock. Treasurer of the State of North Carolina lifted its stake in shares of Ollie's Bargain Outlet by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 27,065 shares of the company's stock valued at $2,089,000 after purchasing an additional 140 shares during the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in shares of Ollie's Bargain Outlet by 3.4% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,410 shares of the company's stock valued at $335,000 after buying an additional 144 shares during the period. Precision Wealth Strategies LLC lifted its position in shares of Ollie's Bargain Outlet by 3.0% in the third quarter. Precision Wealth Strategies LLC now owns 5,179 shares of the company's stock valued at $400,000 after acquiring an additional 149 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Ollie's Bargain Outlet by 0.7% in the third quarter. Teacher Retirement System of Texas now owns 22,294 shares of the company's stock valued at $1,721,000 after purchasing an additional 151 shares during the last quarter. Finally, Sheets Smith Wealth Management boosted its position in shares of Ollie's Bargain Outlet by 2.5% during the third quarter. Sheets Smith Wealth Management now owns 6,461 shares of the company's stock worth $499,000 after buying an additional 158 shares during the period.
About Ollie's Bargain Outlet
(
Get Free Report)
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.
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