John Swygert Sells 1,126 Shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Chairman John Swygert sold 1,126 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $112.06, for a total value of $126,179.56. Following the completion of the transaction, the chairman directly owned 48,200 shares in the company, valued at approximately $5,401,292. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Ollie’s Bargain Outlet Stock Up 0.7%

OLLI traded up $0.78 during midday trading on Wednesday, reaching $113.75. The company had a trading volume of 511,728 shares, compared to its average volume of 1,071,632. The business has a 50-day moving average of $112.87 and a two-hundred day moving average of $123.35. Ollie’s Bargain Outlet Holdings, Inc. has a 1 year low of $94.88 and a 1 year high of $141.74. The company has a market cap of $6.98 billion, a P/E ratio of 31.42, a P/E/G ratio of 1.72 and a beta of 0.51.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 9th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $613.62 million for the quarter, compared to analysts’ expectations of $613.63 million. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The business’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. Ollie’s Bargain Outlet has set its FY 2025 guidance at 3.810-3.870 EPS. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OLLI. Wasatch Advisors LP boosted its stake in shares of Ollie’s Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors LP now owns 4,062,147 shares of the company’s stock worth $535,310,000 after purchasing an additional 49,603 shares during the period. Invesco Ltd. lifted its stake in Ollie’s Bargain Outlet by 17.2% in the third quarter. Invesco Ltd. now owns 2,992,848 shares of the company’s stock worth $384,282,000 after purchasing an additional 440,243 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Ollie’s Bargain Outlet by 315.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,707,117 shares of the company’s stock valued at $187,117,000 after buying an additional 1,296,672 shares during the period. Hood River Capital Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 165.4% during the second quarter. Hood River Capital Management LLC now owns 1,240,339 shares of the company’s stock valued at $163,452,000 after buying an additional 773,013 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 1,217,762 shares of the company’s stock worth $133,504,000 after buying an additional 56,948 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Piper Sandler reiterated an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Royal Bank Of Canada set a $140.00 target price on Ollie’s Bargain Outlet in a report on Wednesday, December 10th. UBS Group decreased their target price on Ollie’s Bargain Outlet from $141.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 10th. Craig Hallum restated a “buy” rating and set a $157.00 price target on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.14.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.