Ollie's Bargain Outlet (NASDAQ:OLLI) SVP Larry Kraus Sells 8,921 Shares

Key Points

• Larry Kraus, Senior Vice President of Ollie's Bargain Outlet, sold 8,921 shares at an average price of $130.31, totaling approximately $1.16 million, resulting in a 70.80% decrease in his holdings.
• Ollie's Bargain Outlet shares are trading down 2.3%, currently at $126.06, with a market cap of $7.73 billion and a 12-month high of $141.74.
• Recent analyst reports have generally maintained a positive outlook on OLLI, with multiple firms raising their price targets and a consensus rating of "Moderate Buy."

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) SVP Larry Kraus sold 8,921 shares of the company's stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $130.31, for a total value of $1,162,495.51. Following the completion of the sale, the senior vice president directly owned 3,679 shares of the company's stock, valued at $479,410.49. The trade was a 70.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Larry Kraus also recently made the following trade(s):

• On Monday, October 6th, Larry Kraus sold 3,159 shares of Ollie's Bargain Outlet stock. The stock was sold at an average price of $131.46, for a total value of $415,282.14.

Ollie's Bargain Outlet Stock Down 2.3%

Shares of NASDAQ OLLI traded down $2.94 on Wednesday, hitting $126.06. The company had a trading volume of 1,133,664 shares, compared to its average volume of 1,163,671. Ollie's Bargain Outlet Holdings, Inc. has a 12-month low of $86.88 and a 12-month high of $141.74. The business has a 50 day moving average of $131.88 and a two-hundred day moving average of $123.69. The firm has a market capitalization of $7.73 billion, a P/E ratio of 36.54, a PEG ratio of 2.72 and a beta of 0.42.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. Ollie's Bargain Outlet had a return on equity of 12.66% and a net margin of 8.74%.The company had revenue of $679.56 million during the quarter, compared to the consensus estimate of $658.03 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. The company's revenue was up 17.5% compared to the same quarter last year. Ollie's Bargain Outlet has set its FY 2025 guidance at 3.760-3.840 EPS. On average, sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Institutional Trading of Ollie's Bargain Outlet

Institutional investors and hedge funds have recently made changes to their positions in the stock. HM Payson & Co. acquired a new stake in shares of Ollie's Bargain Outlet during the 1st quarter worth approximately $30,000. Private Trust Co. NA raised its position in shares of Ollie's Bargain Outlet by 71.3% during the 3rd quarter. Private Trust Co. NA now owns 245 shares of the company's stock worth $31,000 after purchasing an additional 102 shares during the period. Assetmark Inc. raised its position in shares of Ollie's Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company's stock worth $35,000 after purchasing an additional 82 shares during the period. Maseco LLP bought a new position in Ollie's Bargain Outlet in the 2nd quarter worth approximately $36,000. Finally, Opal Wealth Advisors LLC bought a new position in Ollie's Bargain Outlet in the 1st quarter worth approximately $38,000.

Wall Street Analysts Forecast Growth

OLLI has been the topic of several recent analyst reports. KeyCorp boosted their price target on Ollie's Bargain Outlet from $145.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Piper Sandler boosted their price target on Ollie's Bargain Outlet from $123.00 to $150.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 19th. Morgan Stanley upped their price objective on Ollie's Bargain Outlet from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Weiss Ratings reiterated a "buy (b)" rating on shares of Ollie's Bargain Outlet in a research report on Wednesday, October 8th. Finally, Truist Financial upped their price target on Ollie's Bargain Outlet from $146.00 to $148.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and an average target price of $144.15.

About Ollie's Bargain Outlet

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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