Robert F. Helm Sells 170 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 170 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $80.00, for a total value of $13,600.00. Following the transaction, the chief financial officer now directly owns 1,437 shares in the company, valued at approximately $114,960. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI traded up $0.83 during mid-day trading on Tuesday, reaching $79.51. The company’s stock had a trading volume of 688,685 shares, compared to its average volume of 909,833. The company’s 50 day moving average is $75.03 and its 200 day moving average is $75.20. The stock has a market cap of $4.87 billion, a PE ratio of 26.95 and a beta of 0.76. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $52.93 and a 12-month high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $648.90 million for the quarter, compared to analysts’ expectations of $649.39 million. During the same quarter last year, the company earned $0.84 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OLLI has been the topic of a number of analyst reports. JPMorgan Chase & Co. cut their price target on 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. Royal Bank of Canada reiterated an “outperform” rating and set a $86.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. The Goldman Sachs Group raised their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Truist Financial raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $86.00 in a research note on Friday. Finally, Bank of America initiated coverage on Ollie’s Bargain Outlet in a research note on Monday. They issued a “buy” rating and a $92.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.08.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Ollie’s Bargain Outlet by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company’s stock valued at $420,355,000 after buying an additional 43,979 shares during the last quarter. Wasatch Advisors LP grew its stake in shares of Ollie’s Bargain Outlet by 4.1% in the 1st quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock valued at $311,721,000 after purchasing an additional 156,095 shares during the last quarter. Wellington Management Group LLP grew its position in Ollie’s Bargain Outlet by 141.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock valued at $83,037,000 after buying an additional 630,298 shares during the last quarter. Geneva Capital Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 0.4% during the 4th quarter. Geneva Capital Management LLC now owns 1,037,404 shares of the company’s stock worth $78,729,000 after buying an additional 4,523 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Ollie’s Bargain Outlet by 76.1% in the 3rd quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock valued at $64,177,000 after purchasing an additional 359,371 shares in the last quarter.

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.