Larry Kraus Sells 3,000 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) VP Larry Kraus sold 3,000 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $79.00, for a total value of $237,000.00. Following the completion of the transaction, the vice president now owns 2,928 shares in the company, valued at approximately $231,312. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Trading Down 1.6 %

OLLI stock traded down $1.23 during trading on Friday, hitting $76.99. The company had a trading volume of 134,295 shares, compared to its average volume of 996,616. The stock has a market cap of $4.75 billion, a PE ratio of 32.59, a PEG ratio of 1.08 and a beta of 0.96. The business has a 50-day moving average of $72.93 and a 200-day moving average of $64.40. Ollie’s Bargain Outlet Holdings, Inc. has a one year low of $44.72 and a one year high of $80.94.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, August 31st. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Ollie’s Bargain Outlet had a net margin of 7.69% and a return on equity of 10.80%. The company had revenue of $514.50 million for the quarter, compared to analyst estimates of $499.04 million. During the same period in the prior year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. Research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 2.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OLLI. The Goldman Sachs Group increased their target price on shares of Ollie’s Bargain Outlet from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday, September 1st. Wells Fargo & Company raised their target price on shares of Ollie’s Bargain Outlet from $67.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, August 15th. Royal Bank of Canada upped their price target on shares of Ollie’s Bargain Outlet from $73.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. TheStreet raised Ollie’s Bargain Outlet from a “c+” rating to a “b” rating in a report on Thursday, August 31st. Finally, Loop Capital upped their target price on Ollie’s Bargain Outlet from $71.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC increased its holdings in Ollie’s Bargain Outlet by 3.9% in the fourth quarter. LPL Financial LLC now owns 32,811 shares of the company’s stock worth $1,578,000 after purchasing an additional 1,222 shares in the last quarter. Inceptionr LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter worth approximately $469,000. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $753,000. Shaker Investments LLC OH lifted its position in shares of Ollie’s Bargain Outlet by 1.1% during the 4th quarter. Shaker Investments LLC OH now owns 18,322 shares of the company’s stock valued at $858,000 after acquiring an additional 200 shares during the period. Finally, New Mexico Educational Retirement Board boosted its stake in Ollie’s Bargain Outlet by 14.1% during the first quarter. New Mexico Educational Retirement Board now owns 10,500 shares of the company’s stock worth $608,000 after acquiring an additional 1,300 shares in 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.