John W. Swygert Sells 3,331 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John W. Swygert sold 3,331 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, April 4th. The shares were sold at an average price of $114.60, for a total transaction of $381,732.60. Following the sale, the chairman now directly owns 48,200 shares of the company’s stock, valued at $5,523,720. This trade represents a 6.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $103.49 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $70.17 and a 52 week high of $120.03. The firm has a market capitalization of $6.34 billion, a PE ratio of 30.89, a PEG ratio of 2.21 and a beta of 0.75. The business’s 50-day simple moving average is $105.93 and its 200-day simple moving average is $103.07.

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

Analyst Ratings Changes

OLLI has been the topic of a number of recent research reports. Craig Hallum boosted their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Piper Sandler dropped their price target on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, Truist Financial lifted their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.08.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ollie’s Bargain Outlet by 489.7% in 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 last quarter. Wilmington Savings Fund Society FSB grew its position in Ollie’s Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new position in Ollie’s Bargain Outlet during the fourth quarter valued at about $26,000. Blue Trust Inc. raised its holdings in Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $33,000.

About Ollie’s Bargain Outlet

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.