Ollie’s Bargain Outlet Holdings, Inc. (OLLI) CEO Sells $5,064,915.18 in Stock
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Mark L. Butler sold 110,059 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $46.02, for a total value of $5,064,915.18. Following the transaction, the chief executive officer now directly owns 4,770,421 shares in the company, valued at approximately $219,534,774.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) traded down 0.76% during trading on Wednesday, reaching $45.70. The company had a trading volume of 403,880 shares. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $25.57 and a 52 week high of $46.25. The company’s 50-day moving average is $45.70 and its 200 day moving average is $45.70. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 39.40 and a beta of 0.17.
Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $242.85 million. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post $1.19 EPS for the current year.
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Several research firms have recently weighed in on OLLI. Jefferies Group LLC reissued a “buy” rating and set a $50.00 target price (up previously from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, August 31st. Credit Suisse Group restated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a report on Sunday, June 4th. Zacks Investment Research cut Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Royal Bank Of Canada boosted their price objective on Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, August 30th. Finally, Piper Jaffray Companies set a $48.00 price objective on Ollie’s Bargain Outlet Holdings and gave the company a “buy” rating in a report on Thursday, June 1st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Ollie’s Bargain Outlet Holdings currently has a consensus rating of “Buy” and a consensus target price of $47.13.
Hedge funds have recently bought and sold shares of the business. Invictus RG acquired a new stake in Ollie’s Bargain Outlet Holdings during the first quarter worth $101,000. Advisor Group Inc. increased its stake in Ollie’s Bargain Outlet Holdings by 23.2% during the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after acquiring an additional 537 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in Ollie’s Bargain Outlet Holdings during the second quarter worth $139,000. LS Investment Advisors LLC increased its stake in Ollie’s Bargain Outlet Holdings by 125.2% during the first quarter. LS Investment Advisors LLC now owns 4,329 shares of the company’s stock worth $145,000 after acquiring an additional 2,407 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in Ollie’s Bargain Outlet Holdings by 14.9% during the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after acquiring an additional 447 shares during the last quarter. 92.19% of the stock is owned by institutional investors.
About Ollie’s Bargain Outlet Holdings
Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.
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