Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) VP Larry Kraus Sells 2,928 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) VP Larry Kraus sold 2,928 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $79.00, for a total transaction of $231,312.00. Following the completion of the sale, the vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $150,495. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock traded up $0.75 on Thursday, hitting $79.57. The company had a trading volume of 601,740 shares, compared to its average volume of 866,938. The business has a 50-day simple moving average of $76.32 and a 200-day simple moving average of $75.53. The company has a market cap of $4.90 billion, a PE ratio of 27.25 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $52.93 and a 52 week high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 8.63% and a return on equity of 12.55%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the firm posted $0.84 earnings per share. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Truist Financial increased their price objective on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. TheStreet lowered shares of Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research note on Thursday, December 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $86.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 21st. Finally, UBS Group increased their price objective on shares of Ollie’s Bargain Outlet from $92.00 to $95.00 and gave the stock a “neutral” rating in a research note on Thursday, December 7th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $84.08.

Institutional Trading of Ollie’s Bargain Outlet

Large investors have recently added to or reduced their stakes in the business. Operose Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the third quarter worth approximately $26,000. Covestor Ltd boosted its holdings in Ollie’s Bargain Outlet by 48.0% during the second quarter. Covestor Ltd now owns 530 shares of the company’s stock worth $31,000 after buying an additional 172 shares in the last quarter. Huntington National Bank boosted its holdings in Ollie’s Bargain Outlet by 204.4% during the second quarter. Huntington National Bank now owns 554 shares of the company’s stock worth $32,000 after buying an additional 372 shares in the last quarter. Creative Planning bought a new stake in Ollie’s Bargain Outlet during the third quarter worth approximately $46,000. Finally, Partnership Wealth Management LLC bought a new stake in Ollie’s Bargain Outlet during the fourth quarter worth approximately $68,000.

Ollie’s Bargain Outlet Company Profile

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.