Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Sells $227,326.68 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 2,401 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $90.79 on Thursday. The stock has a market capitalization of $5.57 billion, a P/E ratio of 27.68, a PEG ratio of 2.35 and a beta of 0.84. The firm’s 50-day moving average is $95.26 and its two-hundred day moving average is $89.48. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on OLLI shares. UBS Group increased their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Loop Capital reissued a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Royal Bank of Canada upped their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their target price on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.92.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OLLI. Goldman Sachs Group Inc. increased its position in shares of Ollie’s Bargain Outlet by 41.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 379,158 shares of the company’s stock worth $28,774,000 after acquiring an additional 111,843 shares during the period. Vanguard Group Inc. raised its position in Ollie’s Bargain Outlet by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company’s stock valued at $420,355,000 after purchasing an additional 43,979 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Ollie’s Bargain Outlet by 23.4% in the 1st quarter. Diversified Trust Co now owns 4,488 shares of the company’s stock valued at $357,000 after buying an additional 852 shares during the period. State of Michigan Retirement System grew its position in shares of Ollie’s Bargain Outlet by 2.0% during the first quarter. State of Michigan Retirement System now owns 15,103 shares of the company’s stock worth $1,202,000 after buying an additional 300 shares in the last quarter. Finally, Wasatch Advisors LP increased its stake in shares of Ollie’s Bargain Outlet by 4.1% during the first quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after buying an additional 156,095 shares during the period.

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.