Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm Sells 170 Shares

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CFO Robert F. Helm sold 170 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $78.76, for a total value of $13,389.20. Following the completion of the transaction, the chief financial officer now owns 1,607 shares in the company, valued at approximately $126,567.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ollie's Bargain Outlet Stock Down 4.2 %

OLLI traded down $2.97 during trading on Wednesday, hitting $68.45. The company's stock had a trading volume of 1,440,058 shares, compared to its average volume of 897,142. The firm has a market capitalization of $4.20 billion, a P/E ratio of 23.44 and a beta of 0.76. The stock's fifty day moving average price is $76.42 and its 200-day moving average price is $75.41. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $52.93 and a twelve month high of $84.38.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $648.90 million for the quarter, compared to analyst estimates of $649.39 million. Ollie's Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The business's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. Equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Institutional Trading of Ollie's Bargain Outlet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda purchased a new position in shares of Ollie's Bargain Outlet during the fourth quarter valued at approximately $447,000. Nomura Holdings Inc. purchased a new position in Ollie's Bargain Outlet during the 4th quarter worth $3,019,000. Vanguard Group Inc. grew its stake in shares of Ollie's Bargain Outlet by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company's stock worth $420,355,000 after acquiring an additional 43,979 shares in the last quarter. Greenwood Capital Associates LLC raised its holdings in shares of Ollie's Bargain Outlet by 38.5% in the fourth quarter. Greenwood Capital Associates LLC now owns 7,435 shares of the company's stock valued at $564,000 after purchasing an additional 2,065 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Ollie's Bargain Outlet by 41.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 379,158 shares of the company's stock valued at $28,774,000 after purchasing an additional 111,843 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group increased their price objective on shares of Ollie's Bargain Outlet from $92.00 to $95.00 and gave the company a "neutral" rating in a research note on Thursday, December 7th. Truist Financial increased their price target on Ollie's Bargain Outlet from $78.00 to $80.00 and gave the company a "hold" rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. reduced their price objective on Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating on the stock in a research report on Thursday, March 21st. Royal Bank of Canada reiterated an "outperform" rating and issued a $86.00 target price on shares of Ollie's Bargain Outlet in a research report on Thursday, March 21st. Finally, Craig Hallum boosted their price target on Ollie's Bargain Outlet from $98.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.08.

Ollie's Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.