Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) SVP Larry Kraus sold 10,646 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Ollie's Bargain Outlet stock traded down $0.45 on Wednesday, reaching $114.49. 1,489,569 shares of the company were exchanged, compared to its average volume of 1,055,760. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.79 and a beta of 0.85. Ollie's Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $118.47. The company has a 50-day moving average of $97.09 and a 200 day moving average of $95.87.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million for the quarter, compared to analysts' expectations of $518.83 million. During the same period in the prior year, the firm earned $0.51 EPS. Ollie's Bargain Outlet's quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in Ollie's Bargain Outlet during the second quarter worth $25,000. Crewe Advisors LLC bought a new position in Ollie's Bargain Outlet in the 2nd quarter valued at about $36,000. GAMMA Investing LLC lifted its position in Ollie's Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company's stock worth $63,000 after acquiring an additional 179 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new stake in shares of Ollie's Bargain Outlet during the third quarter worth approximately $117,000. Finally, LRI Investments LLC boosted its holdings in shares of Ollie's Bargain Outlet by 2,356.1% during the third quarter. LRI Investments LLC now owns 1,400 shares of the company's stock worth $130,000 after acquiring an additional 1,343 shares during the period.
OLLI has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of Ollie's Bargain Outlet from $97.00 to $99.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Truist Financial boosted their target price on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Bank of America raised their price target on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Loop Capital boosted their price objective on Ollie's Bargain Outlet from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company raised their target price on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and an average target price of $117.85.
Get Our Latest Stock Report on OLLI
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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