James J. Comitale Sells 5,325 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This trade represents a 62.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ollie’s Bargain Outlet Trading Up 1.4 %

Shares of Ollie’s Bargain Outlet stock opened at $112.77 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 12-month low of $68.05 and a 12-month high of $115.98. The company has a market cap of $6.91 billion, a P/E ratio of 33.66, a PEG ratio of 2.81 and a beta of 0.85. The company’s fifty day simple moving average is $96.26 and its two-hundred day simple moving average is $95.19.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. During the same period last year, the business posted $0.51 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current fiscal year.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. lifted its position in Ollie’s Bargain Outlet by 953.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after buying an additional 512,928 shares during the period. Holocene Advisors LP lifted its position in Ollie’s Bargain Outlet by 10,159.3% during the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock valued at $45,821,000 after acquiring an additional 466,818 shares during the period. Los Angeles Capital Management LLC boosted its stake in Ollie’s Bargain Outlet by 199.3% during the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after acquiring an additional 372,914 shares in the last quarter. Wellington Management Group LLP grew its holdings in Ollie’s Bargain Outlet by 155.8% in the third quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after purchasing an additional 294,217 shares during the period. Finally, Loomis Sayles & Co. L P bought a new position in shares of Ollie’s Bargain Outlet during the third quarter valued at approximately $16,590,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on OLLI. Wells Fargo & Company lifted their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday. UBS Group boosted their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Truist Financial raised their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday. Loop Capital boosted their target price on Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Bank of America raised their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average price target of $116.58.

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.