Insider Selling: Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells 728 Shares of Stock

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

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 stock was 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 shares were sold at an average price of $110.85, for a total transaction of $127,810.05.

Ollie's Bargain Outlet Stock Performance

OLLI stock traded down $4.68 during midday trading on Tuesday, reaching $116.12. 1,070,935 shares of the company's stock traded hands, compared to its average volume of 1,170,104. Ollie's Bargain Outlet Holdings, Inc. has a 52 week low of $86.05 and a 52 week high of $122.15. The company has a 50-day moving average price of $112.19 and a two-hundred day moving average price of $109.09. The firm has a market capitalization of $7.12 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 2.21 and a beta of 0.37.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $576.77 million for the quarter, compared to analysts' expectations of $565.04 million. During the same period in the prior year, the business posted $0.73 earnings per share. The company's revenue was up 13.4% on a year-over-year basis. As a group, analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OLLI. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Ollie's Bargain Outlet by 173.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock worth $509,671,000 after purchasing an additional 2,948,393 shares during the last quarter. Norges Bank purchased a new position in shares of Ollie's Bargain Outlet in the 4th quarter worth about $80,741,000. Wellington Management Group LLP increased its position in shares of Ollie's Bargain Outlet by 268.0% during the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock valued at $98,301,000 after purchasing an additional 615,257 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Ollie's Bargain Outlet by 130.3% during the first quarter. Ameriprise Financial Inc. now owns 828,743 shares of the company's stock worth $96,428,000 after acquiring an additional 468,944 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Ollie's Bargain Outlet during the fourth quarter valued at about $48,633,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OLLI shares. UBS Group upped their price objective on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their target price on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a report 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. Truist Financial raised their target price on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler reissued an "overweight" rating and issued a $123.00 price target (down from $124.00) on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.50.

Ollie's Bargain Outlet Company Profile

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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