Kevin Mclain Sells 200 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLIGet Free Report) SVP Kevin Mclain sold 200 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $84.50, for a total transaction of $16,900.00. Following the completion of the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at $896,545. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kevin Mclain also recently made the following trade(s):

  • On Wednesday, June 5th, Kevin Mclain sold 11,340 shares of Ollie’s Bargain Outlet stock. The stock was sold at an average price of $85.75, for a total transaction of $972,405.00.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $84.35 on Friday. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 26.61, a price-to-earnings-growth ratio of 2.70 and a beta of 0.82. The business has a 50-day simple moving average of $75.46 and a two-hundred day simple moving average of $75.22. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $57.31 and a fifty-two week high of $91.08.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last issued its earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $508.82 million for the quarter, compared to analysts’ expectations of $506.49 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.39%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. As a group, research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

OLLI has been the topic of several recent analyst reports. Truist Financial raised their target price on Ollie’s Bargain Outlet from $86.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. Craig Hallum upped their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Royal Bank of Canada upped their price objective on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an “outperform” rating in a report on Thursday. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average price target of $94.67.

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

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Institutional investors have recently made changes to their positions in the business. Treasurer of the State of North Carolina raised its position in Ollie’s Bargain Outlet by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 27,065 shares of the company’s stock worth $2,089,000 after acquiring an additional 140 shares during the period. Alliance Wealth Advisors LLC UT lifted its position in shares of Ollie’s Bargain Outlet by 3.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,410 shares of the company’s stock valued at $335,000 after acquiring an additional 144 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Ollie’s Bargain Outlet by 4.8% in the fourth quarter. Diversified Trust Co now owns 3,636 shares of the company’s stock worth $276,000 after purchasing an additional 168 shares during the last quarter. Vista Investment Partners LLC boosted its position in shares of Ollie’s Bargain Outlet by 1.8% during the 1st quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock valued at $882,000 after acquiring an additional 191 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 194.3% during the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the last quarter.

Ollie’s Bargain Outlet Company Profile

(Get Free Report)

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.

Further Reading

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

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.