Ollie’s Bargain Outlet Holdings Inc. (OLLI) Sees Unusually-High Trading Volume
Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) saw strong trading volume on Tuesday . 651,667 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 469,906 shares.The stock last traded at $25.76 and had previously closed at $26.08.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and issued a $30.00 target price (up from $29.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, June 2nd. Johnson Rice assumed coverage on shares of Ollie’s Bargain Outlet Holdings in a research note on Wednesday, June 1st. They issued a “buy” rating on the stock. Finally, Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $28.00 target price on shares of Ollie’s Bargain Outlet Holdings in a research note on Monday, June 13th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $25.57.
The firm has a market cap of $1.54 billion and a PE ratio of 36.90. The company has a 50-day moving average of $26.43 and a 200-day moving average of $24.48.
Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, June 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.03. The firm had revenue of $193.72 million for the quarter, compared to the consensus estimate of $190.44 million. The business’s quarterly revenue was up 19.2% on a year-over-year basis. On average, analysts predict that Ollie’s Bargain Outlet Holdings Inc. will post $0.87 EPS for the current fiscal year.
In related news, SVP Kevin Mclain sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $250,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Omar Segura sold 21,083 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $28.03, for a total value of $590,956.49. Following the transaction, the senior vice president now owns 15,333 shares of the company’s stock, valued at $429,783.99. The disclosure for this sale can be found here.
Ollie’s Bargain Outlet Holdings, Inc is a retailer of closeouts, excess inventory and salvage merchandise. The Company, through its wholly owned subsidiary, Ollie’s Bargain Outlet, Inc, offers products of various categories, including housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware.
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