John W. Swygert Sells 5,232 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John W. Swygert sold 5,232 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $112.51, for a total transaction of $588,652.32. Following the completion of the transaction, the chairman now directly owns 48,200 shares of the company’s stock, valued at $5,422,982. This trade represents a 9.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Ollie’s Bargain Outlet Stock Up 0.2 %

NASDAQ OLLI traded up $0.17 on Friday, reaching $113.24. 923,401 shares of the stock traded hands, compared to its average volume of 1,105,487. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $68.05 and a 12 month high of $120.03. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 33.80, a P/E/G ratio of 2.21 and a beta of 0.83. The firm’s fifty day simple moving average is $105.83 and its 200 day simple moving average is $102.10.

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

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Oak Thistle LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $1,345,000. JPMorgan Chase & Co. boosted its holdings in shares of Ollie’s Bargain Outlet by 79.6% in the third quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $18,400,000 after buying an additional 83,882 shares during the period. Van ECK Associates Corp raised its holdings in shares of Ollie’s Bargain Outlet by 36.5% during the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock valued at $5,120,000 after acquiring an additional 12,476 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Ollie’s Bargain Outlet by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after acquiring an additional 5,438 shares in the last quarter. Finally, Fred Alger Management LLC boosted its stake in Ollie’s Bargain Outlet by 12.1% in the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after purchasing an additional 83,063 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OLLI shares. Loop Capital upped their target price on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Bank of America increased their target price 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. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price target for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Craig Hallum increased their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company upped 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 research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average price target of $123.08.

About Ollie’s Bargain Outlet

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.