Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (OLLI) CEO Sells 285,623 Shares of Stock
Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Mark L. Butler sold 285,623 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $45.19, for a total value of $12,907,303.37. Following the transaction, the chief executive officer now directly owns 5,038,224 shares in the company, valued at approximately $227,677,342.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Ollie’s Bargain Outlet Holdings, Inc. (OLLI) traded down 1.45% during mid-day trading on Wednesday, hitting $44.20. The company had a trading volume of 523,533 shares. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $24.12 and a 12-month high of $46.08. The firm has a market cap of $2.70 billion, a PE ratio of 41.70 and a beta of 0.15. The firm’s 50 day moving average is $42.67 and its 200-day moving average is $37.12.
Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, May 31st. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. The company had revenue of $227.60 million for the quarter, compared to analyst estimates of $220.56 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. On average, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in OLLI. Invictus RG bought a new stake in Ollie’s Bargain Outlet Holdings during the first quarter valued at $101,000. Flinton Capital Management LLC raised its stake in Ollie’s Bargain Outlet Holdings by 29.0% in the first quarter. Flinton Capital Management LLC now owns 3,026 shares of the company’s stock valued at $101,000 after buying an additional 680 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Ollie’s Bargain Outlet Holdings during the second quarter valued at $139,000. LS Investment Advisors LLC raised its stake in Ollie’s Bargain Outlet Holdings by 125.2% in the first quarter. LS Investment Advisors LLC now owns 4,329 shares of the company’s stock valued at $145,000 after buying an additional 2,407 shares in the last quarter. Finally, Dubuque Bank & Trust Co. bought a new stake in Ollie’s Bargain Outlet Holdings during the first quarter valued at $153,000. Institutional investors own 95.28% of the company’s stock.
A number of research analysts have commented on OLLI shares. MKM Partners downgraded Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a report on Tuesday, May 30th. Piper Jaffray Companies set a $48.00 target price on Ollie’s Bargain Outlet Holdings and gave the stock a “buy” rating in a report on Thursday, June 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $37.00 price target on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, May 25th. BidaskClub downgraded Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Finally, Credit Suisse Group reissued a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a report on Sunday, June 4th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $39.60.
Ollie’s Bargain Outlet Holdings Company Profile
Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.
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