Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $127,810.05 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Der Valk Eric Van sold 1,153 shares of the stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05. Following the transaction, the chief executive officer now directly owns 6,768 shares of the company’s stock, valued at $750,232.80. This represents a 14.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Der Valk Eric Van also recently made the following trade(s):

• On Thursday, April 3rd, Der Valk Eric Van sold 525 shares of Ollie’s Bargain Outlet stock. The shares were sold at an average price of $112.94, for a total value of $59,293.50.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $113.29 on Friday. The company has a market cap of $6.94 billion, a PE ratio of 33.82, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. The company has a 50-day simple moving average of $106.42 and a 200-day simple moving average of $102.90. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $70.17 and a 12 month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly 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 business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same quarter last year, the firm posted $1.23 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their price objective for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. UBS Group increased their price target on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Wells Fargo & Company boosted their price objective 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. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Morgan Stanley upped their target price on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $123.08.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company’s stock worth $638,843,000 after acquiring an additional 70,496 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in Ollie’s Bargain Outlet by 173.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company’s stock worth $509,671,000 after purchasing an additional 2,948,393 shares during the period. Congress Asset Management Co. boosted its holdings in shares of Ollie’s Bargain Outlet by 181.6% in the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after purchasing an additional 1,235,994 shares during the last quarter. State Street Corp grew its stake in shares of Ollie’s Bargain Outlet by 2.1% during the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company’s stock valued at $181,866,000 after buying an additional 38,203 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Ollie’s Bargain Outlet by 1.1% during the 4th quarter. Invesco Ltd. now owns 1,645,472 shares of the company’s stock worth $180,558,000 after buying an additional 17,302 shares during the last quarter.

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.