Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) was the target of unusually large options trading on Friday. Traders bought 1,167 put options on the company. This is an increase of approximately 1,723% compared to the typical volume of 64 put options.

Ollie's Bargain Outlet (OLLI) opened at $51.00 on Wednesday. The firm has a market capitalization of $3,140.00 and a price-to-earnings ratio of 39.84. The company has a current ratio of 2.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.16. Ollie's Bargain Outlet has a 52-week low of $28.90 and a 52-week high of $54.30.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $238.10 million for the quarter, compared to the consensus estimate of $233.77 million. Ollie's Bargain Outlet had a return on equity of 10.66% and a net margin of 7.92%. Ollie's Bargain Outlet’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.17 earnings per share. equities analysts anticipate that Ollie's Bargain Outlet will post 1.32 EPS for the current fiscal year.

In other news, CFO John W. Swygert sold 60,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.20, for a total value of $3,132,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Howard Freedman sold 11,500 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $48.50, for a total value of $557,750.00. Following the completion of the transaction, the vice president now owns 40,870 shares in the company, valued at $1,982,195. The disclosure for this sale can be found here. In the last three months, insiders sold 983,840 shares of company stock valued at $46,973,471. Corporate insiders own 22.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLLI. Advisor Group Inc. raised its holdings in Ollie's Bargain Outlet by 23.2% during the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after acquiring an additional 537 shares during the period. D.A. Davidson & CO. raised its holdings in Ollie's Bargain Outlet by 14.9% during the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after acquiring an additional 447 shares during the period. Ameritas Investment Partners Inc. raised its holdings in Ollie's Bargain Outlet by 165.2% during the second quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after acquiring an additional 2,604 shares during the period. Royal Bank of Canada raised its holdings in Ollie's Bargain Outlet by 302.7% during the second quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock valued at $182,000 after acquiring an additional 3,200 shares during the period. Finally, First Heartland Consultants Inc. bought a new stake in Ollie's Bargain Outlet during the third quarter valued at about $207,000. Institutional investors own 89.66% of the company’s stock.

OLLI has been the topic of a number of research reports. Wells Fargo & Co initiated coverage on Ollie's Bargain Outlet in a research note on Friday, November 3rd. They issued a “market perform” rating and a $45.00 price target on the stock. Morgan Stanley initiated coverage on Ollie's Bargain Outlet in a research note on Monday, September 25th. They issued an “equal weight” rating and a $46.00 price target on the stock. Piper Jaffray Companies restated a “buy” rating and issued a $71.00 price target on shares of Ollie's Bargain Outlet in a research note on Tuesday. BidaskClub upgraded Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Finally, Zacks Investment Research upgraded Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Tuesday, September 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $51.54.

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About Ollie's Bargain Outlet

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.

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