Shares of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) dropped 0.8% on Thursday following insider selling activity. The company traded as low as $25.97 and last traded at $26.17, with a volume of 411,911 shares. The stock had previously closed at $26.39.

Specifically, CFO John W. Swygert sold 25,000 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $25.00, for a total transaction of $625,000.00. Following the transaction, the chief financial officer now directly owns 61,000 shares in the company, valued at $1,525,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Mclain sold 10,000 shares of the firm’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the senior vice president now owns 10,000 shares in the company, valued at $250,000. The disclosure for this sale can be found here. Corporate insiders own 21.80% of the company’s stock.

OLLI has been the topic of several research analyst reports. Piper Jaffray Cos. restated an “overweight” rating and set a $28.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Monday, August 29th. Zacks Investment Research cut Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. RBC Capital Markets restated an “outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, September 1st. Royal Bank Of Canada raised their price objective on Ollie’s Bargain Outlet Holdings from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 1st. Finally, Jefferies Group raised their price objective on Ollie’s Bargain Outlet Holdings from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, September 1st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $27.63.

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The stock’s 50 day moving average price is $26.54 and its 200-day moving average price is $25.00. The company has a market cap of $1.58 billion, a P/E ratio of 34.0525 and a beta of 0.10.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. Ollie’s Bargain Outlet Holdings had a return on equity of 8.91% and a net margin of 5.80%. The business had revenue of $211.30 million for the quarter, compared to the consensus estimate of $207.61 million. During the same period last year, the business earned $0.15 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings Inc. will post $0.90 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of OLLI. BlackRock Group LTD increased its position in shares of Ollie’s Bargain Outlet Holdings by 88.7% in the second quarter. BlackRock Group LTD now owns 5,172 shares of the company’s stock valued at $129,000 after buying an additional 2,431 shares in the last quarter. BlackRock Advisors LLC increased its position in shares of Ollie’s Bargain Outlet Holdings by 54.5% in the second quarter. BlackRock Advisors LLC now owns 9,464 shares of the company’s stock valued at $236,000 after buying an additional 3,338 shares in the last quarter. Barclays PLC increased its position in shares of Ollie’s Bargain Outlet Holdings by 844.7% in the second quarter. Barclays PLC now owns 4,799 shares of the company’s stock valued at $119,000 after buying an additional 4,291 shares in the last quarter. SevenBridge Financial Group LLC acquired a new position in shares of Ollie’s Bargain Outlet Holdings during the second quarter valued at approximately $116,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of Ollie’s Bargain Outlet Holdings by 5.1% in the second quarter. Parametric Portfolio Associates LLC now owns 112,223 shares of the company’s stock valued at $2,793,000 after buying an additional 5,395 shares in the last quarter. 87.70% of the stock is currently owned by institutional investors.

Ollie’s Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

5 Day Chart for NASDAQ:OLLI

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