Ollie’s Bargain Outlet (NASDAQ:OLLI) Chairman John Swygert Sells 1,126 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John Swygert sold 1,126 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $112.06, for a total transaction of $126,179.56. Following the sale, the chairman owned 48,200 shares in the company, valued at approximately $5,401,292. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $113.75 on Thursday. The company has a 50 day simple moving average of $112.77 and a two-hundred day simple moving average of $123.28. The firm has a market cap of $6.98 billion, a P/E ratio of 31.42, a PEG ratio of 1.73 and a beta of 0.51. Ollie’s Bargain Outlet Holdings, Inc. has a 1-year low of $94.88 and a 1-year high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. The firm had revenue of $613.62 million for the quarter, compared to the consensus estimate of $613.63 million. Ollie’s Bargain Outlet had a net margin of 8.81% and a return on equity of 12.86%. The company’s revenue was up 18.6% on a year-over-year basis. During the same period last year, the firm earned $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently bought and sold shares of the business. Nuveen LLC lifted its position in Ollie’s Bargain Outlet by 14.4% during the fourth quarter. Nuveen LLC now owns 195,732 shares of the company’s stock valued at $21,454,000 after purchasing an additional 24,707 shares during the last quarter. Scholtz & Company LLC increased its holdings in shares of Ollie’s Bargain Outlet by 53.5% in the 4th quarter. Scholtz & Company LLC now owns 34,218 shares of the company’s stock worth $3,751,000 after buying an additional 11,923 shares during the last quarter. Picton Mahoney Asset Management raised its position in shares of Ollie’s Bargain Outlet by 3.0% during the 4th quarter. Picton Mahoney Asset Management now owns 115,258 shares of the company’s stock valued at $12,633,000 after buying an additional 3,308 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $703,000. Finally, GW&K Investment Management LLC grew its position in Ollie’s Bargain Outlet by 7.6% in the fourth quarter. GW&K Investment Management LLC now owns 141,243 shares of the company’s stock worth $15,482,000 after acquiring an additional 9,963 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank Of Canada set a $140.00 target price on Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Wells Fargo & Company dropped their price target on Ollie’s Bargain Outlet from $125.00 to $120.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price objective for the company from $130.00 to $135.00 in a report on Monday, December 22nd. KeyCorp reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Finally, Morgan Stanley dropped their target price on shares of Ollie’s Bargain Outlet from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 10th. Twelve analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $142.14.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.