Ollie’s Bargain Outlet (OLLI) SVP Kevin Mclain Sells 12,667 Shares of Stock

Ollie’s Bargain Outlet (NASDAQ:OLLI) SVP Kevin Mclain sold 12,667 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, June 11th. The stock was sold at an average price of $72.64, for a total transaction of $920,130.88. Following the transaction, the senior vice president now directly owns 5,750 shares in the company, valued at $417,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

OLLI stock traded up $0.60 during midday trading on Thursday, hitting $75.50. The company’s stock had a trading volume of 16,216 shares, compared to its average volume of 729,858. The company has a current ratio of 2.18, a quick ratio of 0.25 and a debt-to-equity ratio of 0.02. Ollie’s Bargain Outlet has a twelve month low of $38.45 and a twelve month high of $77.50. The firm has a market capitalization of $4.62 billion, a P/E ratio of 60.52, a PEG ratio of 1.88 and a beta of 0.18.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, June 5th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. Ollie’s Bargain Outlet had a net margin of 12.36% and a return on equity of 12.06%. The firm had revenue of $275.70 million for the quarter, compared to analyst estimates of $267.27 million. During the same period in the previous year, the business earned $0.25 EPS. The company’s revenue was up 21.1% compared to the same quarter last year. equities research analysts forecast that Ollie’s Bargain Outlet will post 1.71 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in Ollie’s Bargain Outlet by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 411,158 shares of the company’s stock valued at $24,793,000 after buying an additional 11,451 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at $1,348,000. Xact Kapitalforvaltning AB increased its stake in Ollie’s Bargain Outlet by 44.8% in the 1st quarter. Xact Kapitalforvaltning AB now owns 8,402 shares of the company’s stock valued at $507,000 after buying an additional 2,600 shares during the last quarter. Legal & General Group Plc increased its stake in Ollie’s Bargain Outlet by 2.5% in the 1st quarter. Legal & General Group Plc now owns 101,141 shares of the company’s stock valued at $6,051,000 after buying an additional 2,458 shares during the last quarter. Finally, Hilltop Holdings Inc. acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at $260,000. Hedge funds and other institutional investors own 90.15% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. Credit Suisse Group lifted their price target on shares of Ollie’s Bargain Outlet from $68.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 6th. Citigroup raised their price objective on shares of Ollie’s Bargain Outlet from $43.00 to $46.00 and gave the stock a “sell” rating in a report on Thursday, June 7th. ValuEngine upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Goldman Sachs Group assumed coverage on shares of Ollie’s Bargain Outlet in a report on Wednesday, May 16th. They set a “buy” rating and a $78.00 price objective on the stock. Finally, BidaskClub lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $66.93.

About Ollie’s Bargain Outlet

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, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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

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