Insider Selling: Ollie’s Bargain Outlet Holdings, Inc. (OLLI) CEO Sells 331,292 Shares of Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Mark L. Butler sold 331,292 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $48.03, for a total value of $15,911,954.76. Following the completion of the sale, the chief executive officer now directly owns 4,065,075 shares in the company, valued at $195,245,552.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) traded up $2.10 during mid-day trading on Monday, hitting $49.60. The company had a trading volume of 1,117,614 shares, compared to its average volume of 592,097. The company has a market cap of $2,920.00 and a price-to-earnings ratio of 43.98. Ollie’s Bargain Outlet Holdings, Inc. has a 52-week low of $27.75 and a 52-week high of $49.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.80 and a quick ratio of 0.29.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLLI. Advisor Group Inc. increased its holdings in Ollie’s Bargain Outlet by 23.2% during the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after purchasing an additional 537 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Ollie’s Bargain Outlet by 14.9% in the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after acquiring an additional 447 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of Ollie’s Bargain Outlet by 165.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after acquiring an additional 2,604 shares during the period. Royal Bank of Canada increased its holdings in shares of Ollie’s Bargain Outlet by 302.7% in the 2nd quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock valued at $182,000 after acquiring an additional 3,200 shares during the period. Finally, LS Investment Advisors LLC increased its holdings in shares of Ollie’s Bargain Outlet by 1.1% in the 2nd quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock valued at $186,000 after acquiring an additional 46 shares during the period. Institutional investors own 90.05% of the company’s stock.

OLLI has been the topic of a number of research analyst reports. Bank of America reaffirmed a “buy” rating and set a $52.00 price target on shares of Ollie’s Bargain Outlet in a report on Tuesday, September 5th. Jefferies Group reiterated a “buy” rating and set a $50.00 target price (up previously from $48.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, August 31st. Zacks Investment Research upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Wednesday, August 30th. BidaskClub lowered Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, KeyCorp reissued a “buy” rating and set a $50.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. Ollie’s Bargain Outlet has an average rating of “Hold” and a consensus target price of $46.92.

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About Ollie’s Bargain Outlet

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 (NASDAQ:OLLI)

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