Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Free Report) Director Thomas Hendrickson sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the sale, the director now directly owns 5,659 shares in the company, valued at approximately $409,089.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Ollie’s Bargain Outlet Stock Performance
Shares of NASDAQ:OLLI opened at $75.22 on Wednesday. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $52.93 and a 52-week high of $84.38. The company has a market capitalization of $4.62 billion, a PE ratio of 25.76 and a beta of 0.76. The company has a fifty day moving average of $75.97 and a 200-day moving average of $75.10.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $648.90 million during the quarter, compared to the consensus estimate of $649.39 million. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. On average, equities analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.
Institutional Investors Weigh In On Ollie’s Bargain Outlet
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on OLLI shares. Royal Bank of Canada reiterated an “outperform” rating and set a $86.00 target price on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. Truist Financial increased their price objective on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. decreased their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st. The Goldman Sachs Group upped their price target on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $90.00 in a research note on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.92.
Get Our Latest Stock Report on OLLI
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.
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