Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) CEO Der Valk Eric Van sold 525 shares of the stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $112.94, for a total transaction of $59,293.50. Following the sale, the chief executive officer now directly owns 6,793 shares in the company, valued at approximately $767,201.42. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Der Valk Eric Van also recently made the following trade(s):
- On Monday, March 31st, Der Valk Eric Van sold 1,153 shares of Ollie's Bargain Outlet stock. The stock was sold at an average price of $110.85, for a total transaction of $127,810.05.
Ollie's Bargain Outlet Trading Down 0.6 %
Shares of OLLI stock opened at $117.46 on Friday. Ollie's Bargain Outlet Holdings, Inc. has a twelve month low of $68.83 and a twelve month high of $120.03. The company's 50-day moving average price is $106.41 and its 200-day moving average price is $102.80. The stock has a market cap of $7.19 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 2.21 and a beta of 0.83.
Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The firm had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $1.23 EPS. As a group, equities research analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.
Analysts Set New Price Targets
OLLI has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of 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. Royal Bank of Canada increased their target price on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Loop Capital lifted their price target on Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Piper Sandler reduced their price objective on Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Finally, Craig Hallum lifted their target price on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $123.08.
Get Our Latest Report on OLLI
Institutional Investors Weigh In On Ollie's Bargain Outlet
Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Ollie's Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after purchasing an additional 191 shares during the period. Wilmington Savings Fund Society FSB lifted its position in Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock valued at $26,000 after buying an additional 182 shares during the last quarter. Bogart Wealth LLC purchased a new position in Ollie's Bargain Outlet during the fourth quarter worth about $26,000. Blue Trust Inc. boosted its stake in Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after buying an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at about $33,000.
Ollie's Bargain Outlet Company Profile
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Get Free Report)
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.
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