Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Short Interest Update

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 2,870,000 shares, a decline of 15.3% from the March 15th total of 3,390,000 shares. Based on an average daily volume of 1,160,000 shares, the short-interest ratio is presently 2.5 days. Currently, 4.7% of the shares of the company are short sold.

Insider Activity at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,139 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $115.74, for a total value of $247,567.86. Following the transaction, the chief financial officer now directly owns 2,961 shares in the company, valued at $342,706.14. The trade was a 41.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Der Valk Eric Van sold 1,153 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $110.85, for a total value of $127,810.05. Following the completion of the transaction, the chief executive officer now owns 6,768 shares of the company’s stock, valued at $750,232.80. The trade was a 14.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,897 shares of company stock worth $4,227,970. Corporate insiders own 0.87% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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 period. Wilmington Savings Fund Society FSB raised its stake 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 worth $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC purchased a new stake in Ollie’s Bargain Outlet during the fourth quarter worth $26,000. Blue Trust Inc. boosted its position in Ollie’s Bargain Outlet by 55.2% during 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, City Holding Co. purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $31,000.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $111.95 on Monday. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 2.21 and a beta of 0.75. Ollie’s Bargain Outlet has a 1-year low of $70.17 and a 1-year high of $120.03. The company has a 50-day moving average of $106.89 and a 200 day moving average of $103.96.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data 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 firm had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $674.61 million. During the same quarter in the previous year, the business earned $1.23 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OLLI. Morgan Stanley lifted their target price on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a report on Thursday, March 20th. Royal Bank of Canada upped their price objective on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Piper Sandler reduced 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 report on Thursday, March 20th. UBS Group lifted their price objective 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, Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.08.

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.