Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Mark L. Butler sold 5,023 shares of Ollie’s Bargain Outlet Holdings stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $46.00, for a total value of $231,058.00. Following the transaction, the chief executive officer now directly owns 4,509,395 shares of the company’s stock, valued at approximately $207,432,170. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ollie’s Bargain Outlet Holdings, Inc. (OLLI) opened at 46.40 on Friday. The firm has a market cap of $2.84 billion, a P/E ratio of 40.00 and a beta of 0.17. The company has a 50-day moving average of $45.70 and a 200 day moving average of $45.70. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $25.63 and a 52 week high of $46.70.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its earnings results on Tuesday, August 29th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The business had revenue of $254.60 million during the quarter, compared to the consensus estimate of $242.85 million. During the same period in the prior year, the business posted $0.21 earnings per share. Ollie’s Bargain Outlet Holdings’s revenue was up 20.5% compared to the same quarter last year. On average, equities analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post $1.19 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Mark L. Butler Sells 5,023 Shares of Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Stock” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/mark-l-butler-sells-5023-shares-of-ollies-bargain-outlet-holdings-inc-olli-stock/1600624.html.

Several hedge funds and other institutional investors have recently made changes to their positions in OLLI. Invictus RG purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at $101,000. Advisor Group Inc. lifted its holdings in shares of Ollie’s Bargain Outlet Holdings by 23.2% during the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after purchasing an additional 537 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the second quarter valued at $139,000. LS Investment Advisors LLC lifted its holdings in shares of Ollie’s Bargain Outlet Holdings by 125.2% during the first quarter. LS Investment Advisors LLC now owns 4,329 shares of the company’s stock valued at $145,000 after purchasing an additional 2,407 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Ollie’s Bargain Outlet Holdings by 14.9% during the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after purchasing an additional 447 shares during the last quarter. 92.19% of the stock is owned by institutional investors and hedge funds.

OLLI has been the subject of several research reports. TheStreet raised Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. BidaskClub downgraded Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, August 31st. Zacks Investment Research raised Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Wednesday, August 30th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $52.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research note on Tuesday, September 5th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Ollie’s Bargain Outlet Holdings currently has an average rating of “Buy” and a consensus price target of $47.30.

Ollie’s Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

Insider Buying and Selling by Quarter for Ollie`s Bargain Outlet Holdings (NASDAQ:OLLI)

Receive News & Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.