Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CFO Robert F. Helm sold 170 shares of the business's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $80.00, for a total value of $13,600.00. Following the completion of the transaction, the chief financial officer now owns 1,437 shares in the company, valued at approximately $114,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Ollie's Bargain Outlet Stock Up 1.1 %
NASDAQ:OLLI opened at $79.51 on Wednesday. The firm has a market capitalization of $4.87 billion, a PE ratio of 27.23 and a beta of 0.76. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $52.93 and a 12-month high of $84.38. The firm has a 50-day moving average price of $75.00 and a 200 day moving average price of $75.23.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The business had revenue of $648.90 million during the quarter, compared to analysts' expectations of $649.39 million. Ollie's Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. Ollie's Bargain Outlet's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. On average, research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.
Analyst Upgrades and Downgrades
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Several brokerages recently weighed in on OLLI. Craig Hallum raised their price objective on shares of Ollie's Bargain Outlet from $98.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, March 21st. Loop Capital upgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and raised their price objective for the stock from $80.00 to $90.00 in a research note on Friday, April 5th. Bank of America began coverage on shares of Ollie's Bargain Outlet in a research report on Monday. They set a "buy" rating and a $92.00 target price on the stock. The Goldman Sachs Group increased their price target 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. Finally, Truist Financial upgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $80.00 to $86.00 in a report on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $87.08.
Get Our Latest Stock Analysis on Ollie's Bargain Outlet
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in OLLI. Venturi Wealth Management LLC increased its position in shares of Ollie's Bargain Outlet by 194.3% during the 1st quarter. Venturi Wealth Management LLC now owns 309 shares of the company's stock worth $25,000 after purchasing an additional 204 shares in the last quarter. Operose Advisors LLC bought a new stake in Ollie's Bargain Outlet during the third quarter worth about $26,000. ORG Partners LLC acquired a new stake in shares of Ollie's Bargain Outlet during the first quarter worth approximately $28,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Ollie's Bargain Outlet in the first quarter valued at approximately $29,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Ollie's Bargain Outlet in the 1st quarter worth approximately $48,000.
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.
Further Reading
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