Thomas Hendrickson Sells 6,250 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ollie’s Bargain Outlet Trading Down 0.4 %

Shares of OLLI opened at $114.49 on Thursday. The firm’s fifty day simple moving average is $97.09 and its 200-day simple moving average is $95.87. The firm has a market capitalization of $7.02 billion, a price-to-earnings ratio of 34.18, a PEG ratio of 2.79 and a beta of 0.85. Ollie’s Bargain Outlet Holdings, Inc. has a twelve month low of $68.05 and a twelve month high of $118.47.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth approximately $25,000. Crewe Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC boosted its position in Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter worth about $117,000. Finally, LRI Investments LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 2,356.1% in the third quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after purchasing an additional 1,343 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently commented on OLLI. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Bank of America increased their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Loop Capital upped their target price on shares of Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and an average target price of $117.85.

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.