Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Mark L. Butler sold 5,938 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $46.00, for a total value of $273,148.00. Following the sale, the chief executive officer now owns 4,509,395 shares of the company’s stock, valued at $207,432,170. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) opened at 46.40 on Friday. The stock has a market capitalization of $2.84 billion, a PE ratio of 40.00 and a beta of 0.17. The company has a 50-day moving average price of $45.70 and a 200-day moving average price of $45.70. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $25.63 and a 12-month high of $46.70.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its earnings results on Tuesday, August 29th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $254.60 million for the quarter, compared to analyst estimates of $242.85 million. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. Ollie’s Bargain Outlet Holdings’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post $1.19 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its holdings in Ollie’s Bargain Outlet Holdings by 22.3% in the first quarter. FMR LLC now owns 6,550,250 shares of the company’s stock valued at $219,433,000 after purchasing an additional 1,195,337 shares during the period. BlackRock Inc. grew its holdings in Ollie’s Bargain Outlet Holdings by 17.3% in the second quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock valued at $241,093,000 after purchasing an additional 832,667 shares during the period. Vanguard Group Inc. grew its holdings in Ollie’s Bargain Outlet Holdings by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,339,008 shares of the company’s stock valued at $184,842,000 after purchasing an additional 195,242 shares during the period. Wasatch Advisors Inc. grew its holdings in Ollie’s Bargain Outlet Holdings by 1.2% in the second quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock valued at $133,625,000 after purchasing an additional 37,517 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in Ollie’s Bargain Outlet Holdings by 27.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,150,502 shares of the company’s stock valued at $91,611,000 after purchasing an additional 464,939 shares during the period. 92.19% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on OLLI shares. BidaskClub upgraded Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. Royal Bank Of Canada boosted their price target on Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th. Zacks Investment Research upgraded 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 Thursday, August 24th. Bank of America Corporation restated 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. Finally, Jefferies Group LLC restated a “buy” rating and set a $50.00 price target (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Ollie’s Bargain Outlet Holdings presently has a consensus rating of “Buy” and a consensus target price of $47.30.

About Ollie’s Bargain Outlet Holdings

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)

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