Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) CEO Mark L. Butler sold 80,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $88.95, for a total value of $7,116,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,650,242 shares in the company, valued at $235,739,025.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ollie’s Bargain Outlet stock traded down $14.93 during midday trading on Thursday, hitting $71.90. 5,392,000 shares of the company were exchanged, compared to its average volume of 712,247. The firm has a market capitalization of $5.44 billion, a PE ratio of 57.52, a price-to-earnings-growth ratio of 1.98 and a beta of 0.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 2.51. Ollie’s Bargain Outlet Holdings Inc has a fifty-two week low of $47.76 and a fifty-two week high of $97.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 4th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $283.60 million for the quarter, compared to analyst estimates of $278.62 million. Ollie’s Bargain Outlet had a return on equity of 12.89% and a net margin of 12.89%. Ollie’s Bargain Outlet’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. On average, analysts forecast that Ollie’s Bargain Outlet Holdings Inc will post 1.76 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in OLLI. Harvest Fund Management Co. Ltd lifted its position in Ollie’s Bargain Outlet by 290.0% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,568 shares of the company’s stock worth $151,000 after acquiring an additional 1,166 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Ollie’s Bargain Outlet by 414.7% in the 3rd quarter. Parallel Advisors LLC now owns 1,750 shares of the company’s stock valued at $168,000 after purchasing an additional 1,410 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Ollie’s Bargain Outlet by 92.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,897 shares of the company’s stock valued at $181,000 after purchasing an additional 913 shares in the last quarter. Norris Perne & French LLP MI acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $203,000. Finally, Verition Fund Management LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $214,000. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

OLLI has been the topic of several research analyst reports. Royal Bank of Canada lowered Ollie’s Bargain Outlet from an “outperform” rating to a “sector perform” rating and set a $95.00 price objective on the stock. in a research note on Monday, November 5th. They noted that the move was a valuation call. Zacks Investment Research lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. KeyCorp lifted their price objective on Ollie’s Bargain Outlet from $100.00 to $108.00 and gave the company a “positive” rating in a research note on Monday, October 1st. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $99.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Tuesday, August 28th. Finally, Bank of America raised Ollie’s Bargain Outlet from an “underperform” rating to a “buy” rating in a research note on Monday, August 20th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $90.33.

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About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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