Mark L. Butler Sells 13,788 Shares of Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Stock

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.

A number of hedge funds have recently added to or reduced their stakes in OLLI. Capital World Investors purchased a new stake in Ollie’s Bargain Outlet during the second quarter worth about $38,979,000. BlackRock Inc. boosted its holdings in Ollie’s Bargain Outlet by 17.3% during the second quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock worth $241,093,000 after buying an additional 832,667 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Ollie’s Bargain Outlet by 22.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock worth $122,533,000 after buying an additional 490,295 shares in the last quarter. State Street Corp boosted its holdings in Ollie’s Bargain Outlet by 53.7% during the second quarter. State Street Corp now owns 1,232,162 shares of the company’s stock worth $52,491,000 after buying an additional 430,682 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Ollie’s Bargain Outlet by 70.9% during the second quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock worth $25,954,000 after buying an additional 252,781 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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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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