Ollie's Bargain Outlet (NASDAQ:OLLI) Trading Down 4.4%

Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) were down 4.4% during trading on Monday . The stock traded as low as $75.80 and last traded at $76.08. Approximately 135,284 shares changed hands during trading, a decline of 84% from the average daily volume of 854,268 shares. The stock had previously closed at $79.57.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OLLI shares. Royal Bank of Canada reissued an "outperform" rating and set a $86.00 price objective on shares of Ollie's Bargain Outlet in a research report on Thursday, March 21st. Truist Financial raised their price target on shares of Ollie's Bargain Outlet from $78.00 to $80.00 and gave the company a "hold" rating in a report on Thursday, March 21st. JPMorgan Chase & Co. dropped their price target on shares of Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, March 21st. UBS Group raised their price target on shares of Ollie's Bargain Outlet from $92.00 to $95.00 and gave the company a "neutral" rating in a report on Thursday, December 7th. Finally, The Goldman Sachs Group raised their price target on shares of Ollie's Bargain Outlet from $91.00 to $104.00 and gave the company a "buy" rating in a report on Thursday, March 21st. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $84.08.

Ollie's Bargain Outlet Stock Down 6.7 %

The company has a market cap of $4.56 billion, a PE ratio of 25.42 and a beta of 0.76. The business's fifty day moving average is $76.53 and its 200-day moving average is $75.53.

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

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, VP Larry Kraus sold 2,928 shares of the firm's stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total transaction of $231,312.00. Following the sale, the vice president now owns 1,905 shares in the company, valued at approximately $150,495. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO John W. Swygert sold 5,000 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at $3,979,874. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Larry Kraus sold 2,928 shares of Ollie's Bargain Outlet stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total transaction of $231,312.00. Following the sale, the vice president now owns 1,905 shares in the company, valued at approximately $150,495. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,587 shares of company stock worth $1,001,401. Company insiders own 0.86% of the company's stock.

Institutional Investors Weigh In On Ollie's Bargain Outlet

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Ollie's Bargain Outlet by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company's stock valued at $420,355,000 after buying an additional 43,979 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Ollie's Bargain Outlet by 5.2% during the fourth quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company's stock valued at $285,459,000 after buying an additional 184,864 shares during the last quarter. State Street Corp raised its position in shares of Ollie's Bargain Outlet by 3.3% during the first quarter. State Street Corp now owns 1,734,913 shares of the company's stock valued at $100,521,000 after buying an additional 55,791 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ollie's Bargain Outlet by 26.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,585,472 shares of the company's stock valued at $91,859,000 after buying an additional 336,268 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Ollie's Bargain Outlet by 141.5% during the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company's stock valued at $83,037,000 after buying an additional 630,298 shares during the last quarter.

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.