Robert F. Helm Sells 2,145 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 2,145 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.50, for a total value of $232,732.50. Following the completion of the transaction, the chief financial officer now directly owns 3,888 shares of the company’s stock, valued at approximately $421,848. This trade represents a 35.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $113.24 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $68.05 and a one year high of $120.03. The company has a market cap of $6.94 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.21 and a beta of 0.83. The firm has a 50-day moving average of $105.96 and a 200-day moving average of $102.24.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on OLLI shares. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. Morgan Stanley raised their price objective on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. Wells Fargo & Company upped their target price on 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. Craig Hallum lifted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.08.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 173.8% during the 4th 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. raised its position in Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after acquiring an additional 1,235,994 shares during the period. Norges Bank purchased a new position in Ollie’s Bargain Outlet in the fourth quarter valued at about $80,741,000. Stephens Investment Management Group LLC bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at approximately $78,356,000. Finally, Holocene Advisors LP increased its stake in shares of Ollie’s Bargain Outlet by 10,159.3% during the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after purchasing an additional 466,818 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.