Omar Segura Sells 10,000 Shares of Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) SVP Omar Segura sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $87.45, for a total transaction of $874,500.00. Following the sale, the senior vice president now owns 10,000 shares in the company, valued at $874,500. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NASDAQ OLLI opened at $86.78 on Friday. The company has a quick ratio of 0.31, a current ratio of 1.86 and a debt-to-equity ratio of 0.23. Ollie’s Bargain Outlet Holdings Inc has a 12-month low of $59.72 and a 12-month high of $103.03. The firm has a market capitalization of $5.51 billion, a P/E ratio of 47.42, a PEG ratio of 1.81 and a beta of 0.73. The firm has a 50 day simple moving average of $90.31.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. Ollie’s Bargain Outlet had a net margin of 11.10% and a return on equity of 13.49%. The company had revenue of $324.90 million for the quarter, compared to the consensus estimate of $319.24 million. During the same period last year, the company earned $0.41 earnings per share. The firm’s revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts predict that Ollie’s Bargain Outlet Holdings Inc will post 2.16 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 0.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,035,186 shares of the company’s stock valued at $173,663,000 after purchasing an additional 5,286 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Ollie’s Bargain Outlet by 5.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 30,470 shares of the company’s stock valued at $1,881,000 after purchasing an additional 1,500 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Ollie’s Bargain Outlet by 129.4% in the fourth quarter. Amalgamated Bank now owns 7,819 shares of the company’s stock valued at $520,000 after purchasing an additional 4,410 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Ollie’s Bargain Outlet by 331.9% in the first quarter. Dynamic Technology Lab Private Ltd now owns 15,828 shares of the company’s stock valued at $1,351,000 after purchasing an additional 12,163 shares during the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of Ollie’s Bargain Outlet by 1.5% in the first quarter. Mason Street Advisors LLC now owns 27,419 shares of the company’s stock valued at $2,340,000 after purchasing an additional 410 shares during the last quarter. Institutional investors own 90.65% of the company’s stock.

OLLI has been the topic of several research analyst reports. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Zacks Investment Research upgraded shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Tuesday, June 4th. Dougherty & Co initiated coverage on shares of Ollie’s Bargain Outlet in a report on Thursday, May 23rd. They set a “buy” rating and a $115.00 target price on the stock. Credit Suisse Group set a €19.00 ($22.09) target price on shares of K&S and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Finally, Morgan Stanley raised their target price on shares of from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the stock an “equal weight” rating in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $95.23.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

Further Reading: Capital Gains

Insider Buying and Selling by Quarter for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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