Robert F. Helm Sells 2,317 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet Free Report) CFO Robert F. Helm sold 2,317 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, March 25th. The shares were sold at an average price of $78.14, for a total value of $181,050.38. Following the completion of the sale, the chief financial officer now directly owns 1,777 shares of the company’s stock, valued at $138,854.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ollie’s Bargain Outlet Stock Up 1.0 %

Shares of OLLI stock opened at $79.57 on Friday. The stock has a market capitalization of $4.90 billion, a PE ratio of 27.25 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $52.93 and a 52-week high of $84.38. The stock’s 50-day moving average price is $76.43 and its 200 day moving average price is $75.56.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last issued its quarterly 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. The firm had revenue of $648.90 million for the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. Analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Ollie’s Bargain Outlet by 38.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 145,618 shares of the company’s stock worth $11,239,000 after purchasing an additional 40,819 shares during the period. Nordea Investment Management AB acquired a new position in Ollie’s Bargain Outlet during the 4th quarter worth approximately $2,372,000. Invesco Ltd. increased its position in Ollie’s Bargain Outlet by 76.1% during the 3rd quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock worth $64,177,000 after purchasing an additional 359,371 shares during the period. Rhumbline Advisers increased its position in Ollie’s Bargain Outlet by 4.5% during the 3rd quarter. Rhumbline Advisers now owns 182,049 shares of the company’s stock worth $14,050,000 after purchasing an additional 7,863 shares during the period. Finally, Fred Alger Management LLC increased its position in Ollie’s Bargain Outlet by 5.5% during the 3rd quarter. Fred Alger Management LLC now owns 764,027 shares of the company’s stock worth $58,968,000 after purchasing an additional 39,693 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on OLLI shares. JPMorgan Chase & Co. dropped their price objective on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. The Goldman Sachs Group lifted their target price on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 21st. TheStreet lowered Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a report on Thursday, December 14th. UBS Group lifted their price target on Ollie’s Bargain Outlet from $92.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, December 7th. Finally, Craig Hallum lifted their price target on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $84.08.

Check Out Our Latest Stock Report on Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Company Profile

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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.

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Insider Buying and Selling by Quarter for Ollie's Bargain Outlet (NASDAQ:OLLI)

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