Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson Sells 5,000 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the completion of the transaction, the director now owns 5,659 shares in the company, valued at approximately $409,089.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Ollie’s Bargain Outlet Trading Up 0.7 %

NASDAQ:OLLI opened at $73.70 on Tuesday. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $52.93 and a 12 month high of $84.38. The company has a 50-day moving average price of $75.97 and a 200-day moving average price of $75.10. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 25.24 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, topping 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 analyst estimates of $649.39 million. During the same period last year, the business posted $0.84 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 18.0% compared to the same quarter last year. Equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Analyst Ratings Changes

OLLI has been the topic of several recent research reports. Truist Financial raised their price target on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. cut their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their price target for the company from $80.00 to $90.00 in a report on Friday, April 5th. Craig Hallum increased their price target on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $86.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus target price of $84.92.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Operose Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter worth about $26,000. Partnership Wealth Management LLC bought a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $68,000. CWM LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 58.5% during the third quarter. CWM LLC now owns 1,384 shares of the company’s stock valued at $107,000 after purchasing an additional 511 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at approximately $143,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter worth approximately $181,000.

Ollie’s Bargain Outlet Company Profile

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.