Robert F. Helm Sells 170 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CFO Robert F. Helm sold 170 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $80.00, for a total transaction of $13,600.00. Following the completion of the sale, the chief financial officer now owns 1,437 shares of the company’s stock, valued at approximately $114,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ollie’s Bargain Outlet Trading Up 1.1 %

Shares of NASDAQ OLLI traded up $0.83 during mid-day trading on Tuesday, hitting $79.51. The company had a trading volume of 688,685 shares, compared to its average volume of 909,833. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $52.93 and a 1 year high of $84.38. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 26.95 and a beta of 0.76. The stock’s 50-day moving average price is $75.03 and its 200-day moving average price is $75.20.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a return on equity of 12.55% and a net margin of 8.63%. The business had revenue of $648.90 million during the quarter, compared to analyst estimates of $649.39 million. During the same quarter in the previous year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. As a group, equities research analysts forecast that Ollie’s Bargain Outlet Holdings, Inc. will post 3.19 earnings per share for the current year.

Institutional Trading of Ollie’s Bargain Outlet

Institutional investors and hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System purchased a new position in Ollie’s Bargain Outlet in the 4th quarter worth approximately $1,313,000. Envestnet Asset Management Inc. grew its position in Ollie’s Bargain Outlet by 38.9% in the third quarter. Envestnet Asset Management Inc. now owns 145,618 shares of the company’s stock worth $11,239,000 after acquiring an additional 40,819 shares in the last quarter. Nordea Investment Management AB bought a new position in Ollie’s Bargain Outlet in the fourth quarter valued at $2,372,000. Invesco Ltd. raised its position in Ollie’s Bargain Outlet by 76.1% during the third quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock valued at $64,177,000 after purchasing an additional 359,371 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Ollie’s Bargain Outlet by 4.5% during the third quarter. Rhumbline Advisers now owns 182,049 shares of the company’s stock worth $14,050,000 after purchasing an additional 7,863 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OLLI. Royal Bank of Canada reaffirmed an “outperform” rating and set a $86.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. JPMorgan Chase & Co. reduced their price target on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. Craig Hallum lifted their price objective on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Loop Capital raised shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their target price for the company from $80.00 to $90.00 in a research report on Friday, April 5th. Finally, Bank of America assumed coverage on shares of Ollie’s Bargain Outlet in a report on Monday. They issued a “buy” rating and a $92.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.08.

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.