Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP James J. Comitale Sells 5,485 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) SVP James J. Comitale sold 5,485 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $113.53, for a total transaction of $622,712.05. Following the completion of the transaction, the senior vice president now directly owns 4,621 shares in the company, valued at approximately $524,622.13. This represents a 54.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $117.46 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $68.83 and a 52 week high of $120.03. The stock has a 50 day moving average price of $106.41 and a two-hundred day moving average price of $102.80. The stock has a market capitalization of $7.19 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 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 $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter last year, the firm posted $1.23 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their target price for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. UBS Group increased their price objective on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Royal Bank of Canada boosted their target price on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. upped their target price on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley raised their price objective on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.08.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently added to or reduced their stakes in the stock. Legacy Capital Wealth Partners LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 3.4% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after purchasing an additional 94 shares in the last quarter. Coldstream Capital Management Inc. raised its position in Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock valued at $320,000 after buying an additional 97 shares during the last quarter. Blue Trust Inc. lifted its stake in Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. boosted its holdings in Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after acquiring an additional 110 shares during the last quarter. Finally, Precision Wealth Strategies LLC grew its stake in shares of Ollie’s Bargain Outlet by 3.2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after acquiring an additional 119 shares in the last quarter.

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.