Insider Selling: Ollie’s Bargain Outlet (NASDAQ:OLLI) Chairman Sells $348,481.20 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John Swygert sold 3,898 shares of the stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $89.40, for a total value of $348,481.20. Following the sale, the chairman directly owned 53,431 shares in the company, valued at $4,776,731.40. This represents a 6.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $90.34 on Tuesday. The stock has a market capitalization of $5.51 billion, a PE ratio of 23.16, a P/E/G ratio of 1.56 and a beta of 0.53. The business has a fifty day moving average price of $106.67 and a two-hundred day moving average price of $116.40. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $88.44 and a fifty-two week high of $141.74.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.18% and a net margin of 9.08%.The company had revenue of $779.26 million for the quarter, compared to analyst estimates of $783.72 million. During the same period in the prior year, the firm posted $1.19 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 16.8% on a year-over-year basis. Ollie’s Bargain Outlet has set its FY 2026 guidance at 4.400-4.500 EPS. On average, equities analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Royal Bank Of Canada boosted their target price on shares of Ollie’s Bargain Outlet from $147.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Piper Sandler reiterated an “overweight” rating and set a $128.00 price target (down from $140.00) on shares of Ollie’s Bargain Outlet in a research report on Friday, March 13th. Morgan Stanley decreased their price objective on shares of Ollie’s Bargain Outlet from $130.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Wells Fargo & Company upgraded shares of Ollie’s Bargain Outlet from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $130.00 in a research report on Friday, March 13th. Finally, Truist Financial set a $135.00 target price on Ollie’s Bargain Outlet in a research note on Friday, March 13th. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average target price of $141.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP increased its position in Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock worth $535,310,000 after purchasing an additional 49,603 shares in the last quarter. Invesco Ltd. boosted its position in Ollie’s Bargain Outlet by 17.2% in the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock valued at $384,282,000 after buying an additional 440,243 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Ollie’s Bargain Outlet by 315.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after buying an additional 1,296,672 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 165.4% during the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after buying an additional 773,013 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 1,217,762 shares of the company’s stock worth $133,504,000 after buying an additional 56,948 shares during the last quarter.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.