Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) Director Thomas Hendrickson sold 6,250 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Ollie's Bargain Outlet Trading Down 0.4 %
Shares of OLLI opened at $114.49 on Thursday. The firm's fifty day simple moving average is $97.09 and its 200-day simple moving average is $95.87. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.79 and a beta of 0.85. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $118.47.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million for the quarter, compared to analysts' expectations of $518.83 million. During the same quarter last year, the company earned $0.51 earnings per share. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Ollie's Bargain Outlet during the second quarter worth approximately $25,000. Crewe Advisors LLC acquired a new stake in shares of Ollie's Bargain Outlet during the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC boosted its position in Ollie's Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company's stock worth $63,000 after purchasing an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of Ollie's Bargain Outlet in the 3rd quarter worth about $117,000. Finally, LRI Investments LLC lifted its holdings in shares of Ollie's Bargain Outlet by 2,356.1% in the third quarter. LRI Investments LLC now owns 1,400 shares of the company's stock valued at $130,000 after purchasing an additional 1,343 shares in the last quarter.
Analysts Set New Price Targets
Several research firms have recently commented on OLLI. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, October 22nd. Gordon Haskett raised 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 report on Monday, August 26th. Bank of America increased their price target on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on shares of Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, Loop Capital upped their target price on shares of Ollie's Bargain Outlet from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Ollie's Bargain Outlet currently has an average rating of "Moderate Buy" and an average target price of $117.85.
View Our Latest Research Report on OLLI
Ollie's Bargain Outlet Company Profile
(
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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.
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