Thomas Hendrickson Sells 5,000 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson sold 5,000 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the transaction, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $409,089.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI stock traded up $0.49 on Monday, hitting $73.70. The company had a trading volume of 1,019,810 shares, compared to its average volume of 916,355. The firm has a market cap of $4.52 billion, a P/E ratio of 25.07 and a beta of 0.76. The stock’s 50-day moving average is $76.07 and its two-hundred day moving average is $75.09. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $52.93 and a twelve month high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $648.90 million during the quarter, compared to analysts’ expectations of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share. Equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current year.

Analyst Upgrades and Downgrades

OLLI has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $86.00 price target on shares of Ollie’s Bargain Outlet in a report on Thursday, March 21st. Truist Financial boosted their price target on Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Thursday, March 21st. The Goldman Sachs Group boosted their price target on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their target price for the stock from $80.00 to $90.00 in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. lowered their target price on Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $84.92.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Institutional investors and hedge funds have recently made changes to their positions in the business. Operose Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $26,000. Partnership Wealth Management LLC bought a new position in Ollie’s Bargain Outlet in the fourth quarter worth approximately $68,000. CWM LLC boosted its holdings in Ollie’s Bargain Outlet by 58.5% in the third quarter. CWM LLC now owns 1,384 shares of the company’s stock worth $107,000 after acquiring an additional 511 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Ollie’s Bargain Outlet in the third quarter worth approximately $143,000. Finally, DekaBank Deutsche Girozentrale bought a new position in Ollie’s Bargain Outlet in the third quarter worth approximately $181,000.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.