Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) VP Kenneth Robert Bertram sold 2,386 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $90.54, for a total value of $216,028.44. Following the completion of the transaction, the vice president now owns 29,430 shares in the company, valued at approximately $2,664,592.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Ollie’s Bargain Outlet stock traded up $0.89 during trading hours on Thursday, hitting $88.24. 762,377 shares of the company were exchanged, compared to its average volume of 1,505,074. Ollie’s Bargain Outlet Holdings Inc has a 1 year low of $28.83 and a 1 year high of $112.58. The business has a 50-day moving average of $95.30 and a 200-day moving average of $82.88. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.35 and a beta of 1.20.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, August 27th. The company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.14. Ollie’s Bargain Outlet had a return on equity of 16.13% and a net margin of 12.90%. The business had revenue of $529.30 million during the quarter, compared to analysts’ expectations of $513.88 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. The company’s quarterly revenue was up 58.5% compared to the same quarter last year. On average, research analysts predict that Ollie’s Bargain Outlet Holdings Inc will post 3.04 EPS for the current year.
OLLI has been the subject of several recent analyst reports. Piper Sandler boosted their target price on Ollie’s Bargain Outlet from $108.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. TheStreet upgraded Ollie’s Bargain Outlet from a “c+” rating to a “b-” rating in a research note on Wednesday, June 3rd. Royal Bank of Canada boosted their target price on Ollie’s Bargain Outlet from $101.00 to $111.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 30th. Citigroup cut Ollie’s Bargain Outlet from a “neutral” rating to a “sell” rating and set a $91.00 target price for the company. in a research note on Wednesday, July 22nd. Finally, Craig Hallum boosted their target price on Ollie’s Bargain Outlet from $120.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $98.63.
Ollie’s Bargain Outlet Company Profile
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.
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