Ollie’s Bargain Outlet Target of Unusually Large Options Trading (NASDAQ:OLLI)

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) saw some unusual options trading activity on Wednesday. Investors bought 7,004 put options on the company. This is an increase of 585% compared to the average volume of 1,022 put options.

Wall Street Analyst Weigh In

Several research firms recently commented on OLLI. Bank of America upped their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada upped their target price on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $105.00 to $107.00 in a research note on Monday, August 26th. Finally, Loop Capital restated a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and a consensus price target of $104.92.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 4,032 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,940,982. This trade represents a 7.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the transaction, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. This represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,912 shares of company stock valued at $2,875,790. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in OLLI. Royce & Associates LP increased its holdings in Ollie’s Bargain Outlet by 161.6% during the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock valued at $7,349,000 after acquiring an additional 46,706 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Ollie’s Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after purchasing an additional 512,928 shares during the last quarter. King Luther Capital Management Corp raised its position in shares of Ollie’s Bargain Outlet by 36.0% during the 2nd quarter. King Luther Capital Management Corp now owns 109,827 shares of the company’s stock worth $10,782,000 after purchasing an additional 29,061 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $2,397,000. Finally, Emerald Mutual Fund Advisers Trust grew its holdings in Ollie’s Bargain Outlet by 20.4% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 178,567 shares of the company’s stock valued at $17,530,000 after buying an additional 30,217 shares during the last quarter.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of OLLI traded up $0.19 during trading hours on Wednesday, reaching $101.09. The company had a trading volume of 1,246,683 shares, compared to its average volume of 1,030,303. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 2.50 and a beta of 0.84. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $104.98. The firm has a 50 day simple moving average of $94.86 and a 200-day simple moving average of $92.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The company had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same period last year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Sell-side analysts forecast that Ollie’s Bargain Outlet will post 3.27 earnings per share for the current year.

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.