Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Robert Fisch Sells 6,250 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Robert Fisch sold 6,250 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the transaction, the director now owns 22,159 shares in the company, valued at $2,394,944.72. This trade represents a 22.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $106.37 on Wednesday. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.75, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The company has a fifty day moving average of $105.43 and a 200 day moving average of $101.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. During the same period last year, the firm posted $1.23 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Ollie’s Bargain Outlet by 489.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after purchasing an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after buying an additional 182 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at about $26,000. Blue Trust Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in Ollie’s Bargain Outlet in the fourth quarter worth about $33,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on OLLI shares. JPMorgan Chase & Co. increased their price target on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Royal Bank of Canada raised their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Bank of America boosted their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. UBS Group raised their price objective on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Finally, Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their target price for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.08.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.