Der Valk Eric Van Sells 525 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Der Valk Eric Van sold 525 shares of the firm’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $112.94, for a total value of $59,293.50. Following the sale, the chief executive officer now directly owns 6,793 shares of the company’s stock, valued at $767,201.42. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Der Valk Eric Van also recently made the following trade(s):

• On Monday, March 31st, Der Valk Eric Van sold 1,153 shares of Ollie’s Bargain Outlet stock. The stock was sold at an average price of $110.85, for a total value of $127,810.05.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $113.29 on Friday. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 33.82, a PEG ratio of 2.21 and a beta of 0.83. The business has a 50 day simple moving average of $106.42 and a 200 day simple moving average of $102.90. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $70.17 and a 52-week high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share. On average, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Craig Hallum upped their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Loop Capital increased their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.08.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 173.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company’s stock worth $509,671,000 after purchasing an additional 2,948,393 shares in the last quarter. Congress Asset Management Co. grew its stake in Ollie’s Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock valued at $210,307,000 after purchasing an additional 1,235,994 shares in the last quarter. Norges Bank acquired a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $80,741,000. Stephens Investment Management Group LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $78,356,000. Finally, Raymond James Financial Inc. bought a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at $48,633,000.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.