Der Valk Eric Van Sells 7,479 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) President Der Valk Eric Van sold 7,479 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the sale, the president now directly owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ollie’s Bargain Outlet Stock Down 2.1 %

NASDAQ OLLI opened at $98.66 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $104.98. The business has a 50-day moving average price of $95.28 and a 200-day moving average price of $86.82. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 2.54 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS. Research analysts expect that Ollie’s Bargain Outlet Holdings, Inc. will post 3.28 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America raised their target price on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Piper Sandler restated an “overweight” rating and issued a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, August 30th. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price objective for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Morgan Stanley increased their target price on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. Finally, UBS Group raised their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.33.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently bought and sold shares of OLLI. Norges Bank purchased a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at about $59,215,000. Coldstream Capital Management Inc. purchased a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $208,000. Wells Fargo & Company MN boosted its stake in Ollie’s Bargain Outlet by 8.2% during the fourth quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock valued at $15,233,000 after buying an additional 15,187 shares during the last quarter. US Bancorp DE grew its holdings in Ollie’s Bargain Outlet by 3.6% during the 4th quarter. US Bancorp DE now owns 31,224 shares of the company’s stock valued at $2,370,000 after buying an additional 1,082 shares in the last quarter. Finally, Advisory Services Network LLC increased its stake in Ollie’s Bargain Outlet by 34.8% in the 4th quarter. Advisory Services Network LLC now owns 3,410 shares of the company’s stock worth $259,000 after acquiring an additional 880 shares during the last quarter.

About Ollie’s Bargain Outlet

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.