Ollie’s Bargain Outlet (NASDAQ:OLLI) Chairman Sells $481,722.79 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John Swygert sold 5,231 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $92.09, for a total transaction of $481,722.79. Following the sale, the chairman directly owned 48,200 shares of the company’s stock, valued at approximately $4,438,738. This represents a 9.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ollie’s Bargain Outlet Stock Up 4.4%

NASDAQ:OLLI traded up $3.98 during trading hours on Thursday, reaching $95.22. 1,885,921 shares of the company’s stock were exchanged, compared to its average volume of 1,248,834. The company has a market capitalization of $5.80 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.61 and a beta of 0.59. Ollie’s Bargain Outlet Holdings, Inc. has a 12 month low of $88.44 and a 12 month high of $141.74. The business’s 50-day simple moving average is $105.72 and its two-hundred day simple moving average is $115.95.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, March 12th. The company reported $1.39 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $783.72 million. During the same quarter in the prior year, the company earned $1.19 earnings per share. The firm’s 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. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on OLLI shares. Loop Capital raised Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and upped their target price for the company from $130.00 to $135.00 in a report on Monday, December 22nd. Piper Sandler reissued an “overweight” rating and issued a $128.00 price target (down from $140.00) on shares of Ollie’s Bargain Outlet in a research note on Friday, March 13th. Jefferies Financial Group upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $120.00 to $130.00 in a report on Thursday. Craig Hallum reaffirmed a “buy” rating and set a $157.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. Finally, Citigroup decreased their target price on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and a consensus price target of $141.14.

Institutional Trading of Ollie’s Bargain Outlet

Several large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 1,296,672 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at $136,152,000. Invesco Ltd. raised its position in Ollie’s Bargain Outlet by 55.5% during the second quarter. Invesco Ltd. now owns 2,552,605 shares of the company’s stock valued at $336,382,000 after buying an additional 911,364 shares during the period. Norges Bank acquired a new position in Ollie’s Bargain Outlet during the fourth quarter valued at $85,845,000. Finally, Hood River Capital Management LLC lifted its stake in Ollie’s Bargain Outlet by 165.4% in the 2nd quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock worth $163,452,000 after acquiring an additional 773,013 shares in 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.