Ollie's Bargain Outlet (NASDAQ:OLLI) Trading Up 3.9%

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) rose 3.9% on Monday . The stock traded as high as $74.40 and last traded at $74.33. Approximately 101,369 shares changed hands during trading, a decline of 89% from the average daily volume of 908,031 shares. The stock had previously closed at $71.52.

Analysts Set New Price Targets

Several analysts have recently commented on OLLI shares. Craig Hallum raised their target price on Ollie's Bargain Outlet from $98.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Truist Financial raised their price objective 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $86.00 target price on shares of Ollie's Bargain Outlet in a research report on Thursday, March 21st. JPMorgan Chase & Co. reduced their price target on shares of Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, March 21st. Finally, Loop Capital upgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and upped their price objective for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.92.

Ollie's Bargain Outlet Trading Up 1.2 %

The firm has a market capitalization of $4.44 billion, a P/E ratio of 24.80 and a beta of 0.76. The stock's 50-day simple moving average is $76.32 and its 200-day simple moving average is $75.21.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The firm had revenue of $648.90 million for the quarter, compared to the consensus estimate of $649.39 million. Ollie's Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The company's revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. On average, equities research analysts expect that Ollie's Bargain Outlet Holdings, Inc. will post 3.18 EPS for the current year.

Insider Activity

In related news, CEO John W. Swygert sold 5,000 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $3,979,874. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO John W. Swygert sold 5,000 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the transaction, the chief executive officer now owns 48,200 shares of the company's stock, valued at approximately $3,979,874. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Swygert sold 11,756 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $75.22, for a total value of $884,286.32. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $3,625,604. The disclosure for this sale can be found here. Insiders sold a total of 22,171 shares of company stock valued at $1,722,888 in the last ninety days. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Ollie's Bargain Outlet

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Treasurer of the State of North Carolina lifted its stake in Ollie's Bargain Outlet by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 27,065 shares of the company's stock worth $2,089,000 after purchasing an additional 140 shares in the last quarter. Alliance Wealth Advisors LLC UT raised its position in shares of Ollie's Bargain Outlet by 3.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,410 shares of the company's stock worth $335,000 after buying an additional 144 shares in the last quarter. Precision Wealth Strategies LLC boosted its stake in Ollie's Bargain Outlet by 3.0% during the third quarter. Precision Wealth Strategies LLC now owns 5,179 shares of the company's stock valued at $400,000 after buying an additional 149 shares during the period. Teacher Retirement System of Texas grew its position in Ollie's Bargain Outlet by 0.7% during the third quarter. Teacher Retirement System of Texas now owns 22,294 shares of the company's stock worth $1,721,000 after buying an additional 151 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its stake in Ollie's Bargain Outlet by 2.5% in the 3rd quarter. Sheets Smith Wealth Management now owns 6,461 shares of the company's stock worth $499,000 after acquiring an additional 158 shares during the last quarter.

About Ollie's Bargain Outlet

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.