Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $45.15 and last traded at $45.15, with a volume of 170,799 shares. The stock had previously closed at $44.80.
Several brokerages have recently issued reports on OLLI. BidaskClub lowered shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Credit Suisse Group reiterated a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a research note on Sunday, June 4th. Piper Jaffray Companies set a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings and gave the company a “buy” rating in a research note on Thursday, June 1st. TheStreet upgraded shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Finally, MKM Partners downgraded shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a report on Tuesday, May 30th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Ollie’s Bargain Outlet Holdings presently has an average rating of “Buy” and an average price target of $39.60.
The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 41.18 and a beta of 0.15. The firm has a 50 day moving average of $43.50 and a 200-day moving average of $37.90.
Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, May 31st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The business had revenue of $227.60 million during the quarter, compared to analyst estimates of $220.56 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.25% and a return on equity of 10.11%. Ollie’s Bargain Outlet Holdings’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 earnings per share. On average, analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 EPS for the current fiscal year.
In related news, VP Howard Freedman sold 14,658 shares of Ollie’s Bargain Outlet Holdings stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $45.15, for a total transaction of $661,808.70. Following the completion of the sale, the vice president now owns 39,370 shares in the company, valued at approximately $1,777,555.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John W. Swygert sold 56,000 shares of Ollie’s Bargain Outlet Holdings stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $45.15, for a total transaction of $2,528,400.00. Following the sale, the chief financial officer now owns 51,000 shares of the company’s stock, valued at approximately $2,302,650. The disclosure for this sale can be found here. Insiders sold a total of 436,109 shares of company stock valued at $19,623,776 in the last 90 days. Company insiders own 22.25% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC acquired a new position in Ollie’s Bargain Outlet Holdings during the second quarter worth approximately $445,000. Ameritas Investment Partners Inc. increased its position in Ollie’s Bargain Outlet Holdings by 165.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock worth $178,000 after buying an additional 2,604 shares during the period. Castleark Management LLC acquired a new position in Ollie’s Bargain Outlet Holdings during the second quarter worth approximately $6,776,000. California State Teachers Retirement System increased its position in Ollie’s Bargain Outlet Holdings by 112.1% in the second quarter. California State Teachers Retirement System now owns 84,406 shares of the company’s stock worth $3,596,000 after buying an additional 44,603 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in Ollie’s Bargain Outlet Holdings by 121.5% in the second quarter. The Manufacturers Life Insurance Company now owns 37,067 shares of the company’s stock worth $1,579,000 after buying an additional 20,334 shares during the period. 92.90% of the stock is currently owned by institutional investors and hedge funds.
Ollie’s Bargain Outlet Holdings 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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