Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $82,154.80 in Stock

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CEO Der Valk Eric Van sold 728 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction of $82,154.80. Following the completion of the sale, the chief executive officer now owns 7,761 shares of the company's stock, valued at $875,828.85. The trade was a 8.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Der Valk Eric Van also recently made the following trade(s):

• On Thursday, April 3rd, Der Valk Eric Van sold 525 shares of Ollie's Bargain Outlet stock. The shares were sold at an average price of $112.94, for a total transaction of $59,293.50.
• On Monday, March 31st, Der Valk Eric Van sold 1,153 shares of Ollie's Bargain Outlet stock. The stock was sold at an average price of $110.85, for a total value of $127,810.05.

Ollie's Bargain Outlet Trading Up 0.9%

Shares of OLLI stock traded up $1.11 on Friday, reaching $121.43. The company had a trading volume of 506,374 shares, compared to its average volume of 1,161,183. The stock has a market cap of $7.45 billion, a PE ratio of 37.38, a PEG ratio of 2.71 and a beta of 0.37. The company has a 50-day moving average of $112.66 and a 200-day moving average of $109.35. Ollie's Bargain Outlet Holdings, Inc. has a 12 month low of $86.05 and a 12 month high of $122.15.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. The firm had revenue of $576.77 million during the quarter, compared to analysts' expectations of $565.04 million. Ollie's Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The business's revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. Sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $133.00 price objective on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. KeyCorp reissued an "overweight" rating and set a $135.00 price objective on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Finally, Morgan Stanley raised their target price on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and a consensus target price of $124.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLLI. Van ECK Associates Corp lifted its stake in Ollie's Bargain Outlet by 36.5% in the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after buying an additional 12,476 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after acquiring an additional 101 shares during the period. Rhumbline Advisers lifted its position in Ollie's Bargain Outlet by 2.3% in the 4th quarter. Rhumbline Advisers now owns 163,565 shares of the company's stock valued at $17,948,000 after acquiring an additional 3,691 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its stake in Ollie's Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock worth $311,000 after purchasing an additional 94 shares during the period. Finally, Principal Securities Inc. boosted its stake in Ollie's Bargain Outlet by 123.1% in the 4th quarter. Principal Securities Inc. now owns 1,314 shares of the company's stock worth $144,000 after purchasing an additional 725 shares during the period.

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.