Der Valk Eric Van Sells 4,000 Shares of Ollie's Bargain Outlet (NASDAQ:OLLI) Stock

Key Points

• CEO Der Valk Eric Van sold 4,000 shares of Ollie's Bargain Outlet stock at an average price of $132.27, resulting in a total transaction value of approximately $529,080.
• Despite the CEO's sale, Ollie's reported a 17.5% year-over-year revenue increase for the last quarter, with earnings per share of $0.99, exceeding estimates.
• Brokerages are optimistic about Ollie’s Bargain Outlet, with multiple firms raising their price targets, including JPMorgan Chase increasing theirs from $137 to $159.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CEO Der Valk Eric Van sold 4,000 shares of the business's stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $132.27, for a total transaction of $529,080.00. Following the sale, the chief executive officer directly owned 7,761 shares of the company's stock, valued at approximately $1,026,547.47. The trade was a 34.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ:OLLI traded down $3.16 during midday trading on Tuesday, hitting $128.40. 1,223,932 shares of the company's stock were exchanged, compared to its average volume of 1,166,416. The stock has a 50 day moving average price of $133.77 and a 200-day moving average price of $122.21. The company has a market cap of $7.87 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.71 and a beta of 0.45. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $86.88 and a 12 month high of $141.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.91 by $0.08. The company had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. Ollie's Bargain Outlet had a net margin of 8.74% and a return on equity of 12.66%. The firm's revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OLLI. JPMorgan Chase & Co. upped their price objective on shares of Ollie's Bargain Outlet from $137.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Citigroup reiterated a "buy" rating on shares of Ollie's Bargain Outlet in a research note on Friday, August 29th. Royal Bank Of Canada boosted their target price on shares of Ollie's Bargain Outlet from $144.00 to $149.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Wall Street Zen cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on shares of Ollie's Bargain Outlet from $105.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Eight investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and an average target price of $144.15.

Institutional Trading of Ollie's Bargain Outlet

Several institutional investors and hedge funds have recently bought and sold shares of OLLI. Wealth Enhancement Advisory Services LLC lifted its stake in Ollie's Bargain Outlet by 65.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,574 shares of the company's stock worth $721,000 after purchasing an additional 2,608 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Ollie's Bargain Outlet by 18,373.0% in the 1st quarter. GAMMA Investing LLC now owns 163,486 shares of the company's stock worth $19,023,000 after buying an additional 162,601 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Ollie's Bargain Outlet in the 1st quarter worth $53,000. Heritage Family Offices LLP increased its holdings in shares of Ollie's Bargain Outlet by 3.2% in the 1st quarter. Heritage Family Offices LLP now owns 5,783 shares of the company's stock worth $673,000 after buying an additional 179 shares during the last quarter. Finally, Portside Wealth Group LLC increased its holdings in shares of Ollie's Bargain Outlet by 29.1% in the 1st quarter. Portside Wealth Group LLC now owns 16,264 shares of the company's stock worth $1,785,000 after buying an additional 3,663 shares during the last quarter.

About Ollie's Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.

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