Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Larry Kraus Sells 10,646 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP Larry Kraus sold 10,646 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Ollie’s Bargain Outlet Stock Down 0.4 %

Shares of OLLI opened at $114.49 on Thursday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $118.47. The company has a market capitalization of $7.02 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85. The firm has a 50 day moving average of $97.09 and a 200 day moving average of $95.87.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. On average, sell-side analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $362,000. Envestnet Portfolio Solutions Inc. raised its stake in Ollie’s Bargain Outlet by 31.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,208 shares of the company’s stock valued at $511,000 after buying an additional 1,254 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at $189,000. Tributary Capital Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 280,681 shares of the company’s stock valued at $27,554,000 after buying an additional 702 shares during the period. Finally, Bailard Inc. purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter worth $520,000.

Analysts Set New Price Targets

Several analysts have commented on OLLI shares. Bank of America raised their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their price objective for the stock from $105.00 to $107.00 in a report on Monday, August 26th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. UBS Group increased their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $117.85.

About Ollie’s Bargain Outlet

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.