Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Sells 4,500 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson sold 4,500 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $97.54, for a total transaction of $438,930.00. Following the completion of the sale, the director now owns 5,659 shares in the company, valued at $551,978.86. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Thomas Hendrickson also recently made the following trade(s):

• On Thursday, April 18th, Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock. The stock was sold at an average price of $72.29, for a total transaction of $361,450.00.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $98.41 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $57.31 and a one year high of $100.44. The company has a market cap of $6.02 billion, a PE ratio of 31.04, a P/E/G ratio of 2.66 and a beta of 0.82. The business has a 50-day simple moving average of $80.55 and a 200-day simple moving average of $76.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $508.82 million during the quarter, compared to the consensus estimate of $506.49 million. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 earnings per share. On average, sell-side analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. upgraded shares of Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 price target on the stock in a research note on Monday, June 17th. UBS Group boosted their price target on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Royal Bank of Canada boosted their price target on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, Bank of America boosted their price target on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.50.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLLI. Venturi Wealth Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 194.3% in the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares during the period. Operose Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the third quarter valued at approximately $26,000. ORG Partners LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $28,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $29,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Ollie’s Bargain Outlet in the first quarter valued at approximately $48,000.

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.