Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert Sells 11,756 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,625,604. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Ollie’s Bargain Outlet Trading Down 4.2 %

Shares of Ollie’s Bargain Outlet stock opened at $68.45 on Thursday. The company has a fifty day simple moving average of $76.42 and a 200-day simple moving average of $75.41. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $52.93 and a 12-month high of $84.38. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 23.44 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. During the same quarter in the prior year, the business posted $0.84 EPS. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OLLI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $86.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday, March 21st. TheStreet downgraded shares of Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a research note on Thursday, December 14th. Truist Financial upped their target price on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. Craig Hallum upped their target price on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group upped their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Kapitalo Investimentos Ltda acquired a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $447,000. Nomura Holdings Inc. acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $3,019,000. Vanguard Group Inc. boosted its stake in Ollie’s Bargain Outlet by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company’s stock worth $420,355,000 after purchasing an additional 43,979 shares during the period. Greenwood Capital Associates LLC boosted its stake in Ollie’s Bargain Outlet by 38.5% during the 4th quarter. Greenwood Capital Associates LLC now owns 7,435 shares of the company’s stock worth $564,000 after purchasing an additional 2,065 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Ollie’s Bargain Outlet by 41.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 379,158 shares of the company’s stock worth $28,774,000 after purchasing an additional 111,843 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.