Insider Selling: Ollie's Bargain Outlet (NASDAQ:OLLI) SVP Sells 1,775 Shares of Stock

Key Points

• James Comitale, SVP of Ollie's Bargain Outlet, sold 1,775 shares at an average price of $125.75, totaling approximately $223,206.25, which reduced his holdings by 37.98%.
• The company's latest quarterly earnings exceeded expectations, with an EPS of $0.99 compared to the consensus of $0.91, along with a revenue of $679.56 million.
• Ollie's Bargain Outlet received a consensus rating of "Moderate Buy" from analysts, with an average target price of $144.15, amid varying ratings from different institutional investors.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) SVP James Comitale sold 1,775 shares of the business's stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $125.75, for a total value of $223,206.25. Following the transaction, the senior vice president owned 2,898 shares in the company, valued at approximately $364,423.50. This represents a 37.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ollie's Bargain Outlet Trading Up 0.5%

Shares of OLLI traded up $0.57 during midday trading on Tuesday, reaching $121.38. 748,163 shares of the company were exchanged, compared to its average volume of 1,158,174. The stock has a 50-day moving average price of $130.77 and a 200-day moving average price of $123.96. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 35.18, a P/E/G ratio of 2.55 and a beta of 0.42. Ollie's Bargain Outlet Holdings, Inc. has a 1-year low of $86.88 and a 1-year high of $141.74.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.08. The company had revenue of $679.56 million for the quarter, compared to analysts' expectations of $658.03 million. Ollie's Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The firm's quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter 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. Equities research analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Hedge Funds Weigh In On Ollie's Bargain Outlet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLLI. HM Payson & Co. bought a new position in Ollie's Bargain Outlet in the 1st quarter worth approximately $30,000. Private Trust Co. NA grew its holdings in Ollie's Bargain Outlet by 71.3% in the 3rd quarter. Private Trust Co. NA now owns 245 shares of the company's stock worth $31,000 after buying an additional 102 shares in the last quarter. Assetmark Inc. grew its holdings in Ollie's Bargain Outlet by 44.8% in the 2nd quarter. Assetmark Inc. now owns 265 shares of the company's stock worth $35,000 after buying an additional 82 shares in the last quarter. Maseco LLP acquired a new stake in shares of Ollie's Bargain Outlet during the 2nd quarter valued at $36,000. Finally, Brooklyn Investment Group lifted its position in shares of Ollie's Bargain Outlet by 133.5% during the 1st quarter. Brooklyn Investment Group now owns 390 shares of the company's stock valued at $45,000 after acquiring an additional 223 shares during the last quarter.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of analyst reports. Loop Capital lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price on the stock. in a research report on Tuesday, June 24th. Weiss Ratings reissued a "buy (b)" rating on shares of Ollie's Bargain Outlet in a report on Wednesday, October 8th. Craig Hallum set a $156.00 price objective on Ollie's Bargain Outlet in a report on Friday, August 29th. Bank of America upped their target price on Ollie's Bargain Outlet from $130.00 to $145.00 and gave the company a "buy" rating in a report on Friday, August 29th. Finally, KeyCorp upped their target price on Ollie's Bargain Outlet from $145.00 to $154.00 and gave the company an "overweight" rating in a report on Friday, September 19th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $144.15.

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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