Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) was the target of unusually large options trading on Thursday. Stock traders acquired 3,248 put options on the company. This represents an increase of 1,404% compared to the typical volume of 216 put options.

OLLI opened at $71.90 on Friday. Ollie’s Bargain Outlet has a 12-month low of $47.76 and a 12-month high of $97.61. The company has a current ratio of 2.03, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5.44 billion, a P/E ratio of 52.94, a PEG ratio of 1.97 and a beta of 0.34.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Tuesday, December 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 12.66% and a net margin of 12.89%. Ollie’s Bargain Outlet’s revenue was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. Equities analysts forecast that Ollie’s Bargain Outlet will post 1.77 earnings per share for the current year.

In other news, CEO Mark L. Butler sold 80,000 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $88.95, for a total transaction 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 approximately $235,739,025.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Mark L. Butler sold 90,000 shares of the stock in a transaction on Wednesday, October 3rd. The stock was sold at an average price of $94.49, for a total value of $8,504,100.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 485,337 shares of company stock valued at $44,137,101. Company insiders own 20.27% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Sapphire Star Partners LP raised its position in Ollie’s Bargain Outlet by 5.0% in the 3rd quarter. Sapphire Star Partners LP now owns 11,528 shares of the company’s stock valued at $1,108,000 after purchasing an additional 551 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Ollie’s Bargain Outlet by 4.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock valued at $1,355,000 after purchasing an additional 600 shares in the last quarter. State Treasurer State of Michigan raised its position in Ollie’s Bargain Outlet by 3.3% in the 3rd quarter. State Treasurer State of Michigan now owns 19,000 shares of the company’s stock valued at $1,826,000 after purchasing an additional 600 shares in the last quarter. Hilltop Holdings Inc. raised its position in Ollie’s Bargain Outlet by 11.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 5,712 shares of the company’s stock valued at $548,000 after purchasing an additional 609 shares in the last quarter. Finally, United Services Automobile Association raised its position in Ollie’s Bargain Outlet by 8.6% in the 2nd quarter. United Services Automobile Association now owns 8,072 shares of the company’s stock valued at $585,000 after purchasing an additional 640 shares in the last quarter. 90.73% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on OLLI. ValuEngine lowered Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Thursday. BidaskClub raised Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Monday, September 10th. MKM Partners increased their target price on Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 5th. Finally, Royal Bank of Canada increased their target price on Ollie’s Bargain Outlet to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, September 6th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $90.33.

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Ollie’s Bargain Outlet Company Profile

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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