Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP James J. Comitale Sells 5,485 Shares

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP James J. Comitale sold 5,485 shares of the firm’s stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of $113.53, for a total value of $622,712.05. Following the transaction, the senior vice president now owns 4,621 shares of the company’s stock, valued at approximately $524,622.13. This represents a 54.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $113.29 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $70.17 and a 1 year high of $120.03. The stock has a market cap of $6.94 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.21 and a beta of 0.83. The stock has a 50-day simple moving average of $106.42 and a 200-day simple moving average of $102.90.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their target price for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. Craig Hallum upped 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. UBS Group boosted their price target on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Finally, Morgan Stanley upped their price objective on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 20th. 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Ollie’s Bargain Outlet by 489.7% during the fourth 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 last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after purchasing an additional 182 shares during the period. Bogart Wealth LLC purchased a new position in Ollie’s Bargain Outlet during the 4th quarter worth approximately $26,000. Blue Trust Inc. increased its position 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. purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $33,000.

Ollie’s Bargain Outlet Company Profile

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.