Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CFO Robert F. Helm sold 170 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $78.76, for a total transaction of $13,389.20. Following the sale, the chief financial officer now owns 1,607 shares of the company's stock, valued at $126,567.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Ollie's Bargain Outlet Stock Down 4.2 %
Shares of Ollie's Bargain Outlet stock opened at $68.45 on Thursday. Ollie's Bargain Outlet Holdings, Inc. has a 52-week low of $52.93 and a 52-week high of $84.38. The company has a 50 day moving average of $76.42 and a 200 day moving average of $75.41. The company has a market capitalization of $4.20 billion, a P/E ratio of 23.44 and a beta of 0.76.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The business had revenue of $648.90 million during the quarter, compared to the consensus estimate of $649.39 million. Ollie's Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The company's 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. As a group, research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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A number of equities research analysts have weighed in on OLLI shares. Royal Bank of Canada reiterated an "outperform" rating and set a $86.00 price target on shares of Ollie's Bargain Outlet in a research report on Thursday, March 21st. Truist Financial lifted their price objective on shares of Ollie's Bargain Outlet from $78.00 to $80.00 and gave the company a "hold" rating in a report on Thursday, March 21st. The Goldman Sachs Group lifted their price objective on shares of Ollie's Bargain Outlet from $91.00 to $104.00 and gave the company a "buy" rating in a report on Thursday, March 21st. TheStreet cut shares of Ollie's Bargain Outlet from a "b" rating to a "c+" rating in a report on Thursday, December 14th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday, March 21st. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.08.
Get Our Latest Stock Report on Ollie's Bargain Outlet
Institutional Trading of Ollie's Bargain Outlet
Institutional investors have recently modified their holdings of the stock. Operose Advisors LLC purchased a new stake in shares of Ollie's Bargain Outlet during the 3rd quarter worth approximately $26,000. Creative Planning purchased a new stake in shares of Ollie's Bargain Outlet during the 3rd quarter worth approximately $46,000. Partnership Wealth Management LLC purchased a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth approximately $68,000. KBC Group NV acquired a new position in shares of Ollie's Bargain Outlet in the 4th quarter valued at $70,000. Finally, Captrust Financial Advisors increased its holdings in shares of Ollie's Bargain Outlet by 81.1% in the 2nd quarter. Captrust Financial Advisors now owns 1,411 shares of the company's stock valued at $83,000 after acquiring an additional 632 shares during the period.
Ollie's Bargain Outlet Company Profile
(
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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