Ollie's Bargain Outlet (NASDAQ:OLLI) Trading Down 6.8% - Should You Sell?

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) traded down 6.8% on Friday . The company traded as low as $103.99 and last traded at $106.48. 509,746 shares changed hands during trading, a decline of 56% from the average session volume of 1,160,162 shares. The stock had previously closed at $114.30.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Royal Bank of Canada lifted their price objective on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Morgan Stanley boosted their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. UBS Group boosted their target price on shares of Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. boosted their target price on shares of Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, Wall Street Zen upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $124.07.

Ollie's Bargain Outlet Trading Down 1.2%

The firm has a fifty day simple moving average of $111.27 and a 200-day simple moving average of $107.12. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 33.74, a P/E/G ratio of 2.21 and a beta of 0.45.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same period last year, the company earned $1.23 EPS. The company's revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Ollie's Bargain Outlet

In other news, CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $110.85, for a total value of $127,810.05. Following the transaction, the chief executive officer now owns 6,768 shares of the company's stock, valued at $750,232.80. This represents a 14.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert F. Helm sold 2,145 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $108.50, for a total value of $232,732.50. Following the completion of the transaction, the chief financial officer now directly owns 3,888 shares in the company, valued at approximately $421,848. This trade represents a 35.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock worth $4,227,970 over the last ninety days. Company insiders own 0.87% of the company's stock.

Institutional Trading of Ollie's Bargain Outlet

A number of hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Ollie's Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after purchasing an additional 191 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after purchasing an additional 182 shares during the period. Bogart Wealth LLC acquired a new stake in Ollie's Bargain Outlet during the 4th quarter worth $26,000. HM Payson & Co. acquired a new stake in Ollie's Bargain Outlet during the 1st quarter worth $30,000. Finally, Blue Trust Inc. raised its stake in Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares during the period.

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.