Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Mark L. Butler sold 13,788 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $47.50, for a total transaction of $654,930.00. Following the completion of the sale, the chief executive officer now directly owns 4,065,075 shares in the company, valued at approximately $193,091,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) opened at $50.70 on Wednesday. The company has a market cap of $3,110.00 and a PE ratio of 43.98. Ollie’s Bargain Outlet Holdings, Inc. has a fifty-two week low of $27.75 and a fifty-two week high of $51.40. The company has a current ratio of 2.80, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17.
Several analysts have recently weighed in on OLLI shares. Zacks Investment Research downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank Of Canada lifted their target price on shares of Ollie’s Bargain Outlet from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, August 30th. Stephens started coverage on shares of Ollie’s Bargain Outlet in a report on Tuesday, October 31st. They issued an “overweight” rating and a $53.00 target price on the stock. Bank of America reaffirmed a “buy” rating and issued a $52.00 target price on shares of Ollie’s Bargain Outlet in a report on Tuesday, September 5th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $50.00 target price (up previously from $48.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.46.
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Ollie’s Bargain Outlet Company Profile
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.
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