Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Sells $12,907,303.37 in Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Mark L. Butler sold 285,623 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $45.19, for a total value of $12,907,303.37. Following the sale, the chief executive officer now owns 5,038,224 shares in the company, valued at approximately $227,677,342.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ollie’s Bargain Outlet Holdings, Inc. (OLLI) opened at 44.75 on Friday. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $24.12 and a 52 week high of $46.08. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 42.22 and a beta of 0.15. The stock’s 50 day moving average price is $43.23 and its 200 day moving average price is $37.59.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, May 31st. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.11% and a net margin of 7.25%. The company had revenue of $227.60 million for the quarter, compared to analyst estimates of $220.56 million. During the same quarter last year, the company posted $0.20 EPS. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 EPS for the current year.

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Several brokerages have recently commented on OLLI. BidaskClub cut Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday. TheStreet upgraded Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a report on Monday, July 17th. Credit Suisse Group restated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a report on Sunday, June 4th. Piper Jaffray Companies set a $48.00 target price on Ollie’s Bargain Outlet Holdings and gave the stock a “buy” rating in a report on Thursday, June 1st. Finally, MKM Partners cut Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a report on Tuesday, May 30th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.60.

Several institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. raised its stake in shares of Ollie’s Bargain Outlet Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock worth $647,000 after buying an additional 40 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Ollie’s Bargain Outlet Holdings by 1.1% in the second quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock worth $186,000 after buying an additional 46 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Ollie’s Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock worth $176,000 after buying an additional 150 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Ollie’s Bargain Outlet Holdings by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the company’s stock worth $839,000 after buying an additional 200 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Ollie’s Bargain Outlet Holdings by 2.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,870 shares of the company’s stock worth $364,000 after buying an additional 220 shares in the last quarter. Institutional investors own 95.28% of the company’s stock.

About Ollie’s Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

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