Traders Buy High Volume of Ollie’s Bargain Outlet Call Options (NASDAQ:OLLI)
Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) was the target of unusually large options trading activity on Tuesday. Investors purchased 4,758 call options on the company. This represents an increase of approximately 1,222% compared to the average daily volume of 360 call options.
Several equities research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 27th. Zacks Investment Research cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Dougherty & Co began coverage on shares of Ollie’s Bargain Outlet in a research note on Thursday, May 23rd. They issued a “buy” rating and a $115.00 target price on the stock. Finally, Credit Suisse Group raised their target price on shares of Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Ollie’s Bargain Outlet presently has an average rating of “Buy” and an average price target of $93.79.
In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 21,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $85.55, for a total value of $1,796,550.00. Following the completion of the sale, the director now owns 7,474 shares in the company, valued at approximately $639,400.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John W. Swygert sold 50,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $79.23, for a total transaction of $3,961,500.00. Following the completion of the sale, the chief operating officer now owns 52,349 shares of the company’s stock, valued at approximately $4,147,611.27. The disclosure for this sale can be found here. Insiders have sold a total of 148,979 shares of company stock valued at $12,454,617 in the last quarter. 16.36% of the stock is currently owned by corporate insiders.
Shares of NASDAQ OLLI opened at $96.00 on Wednesday. The stock has a market capitalization of $6.16 billion, a PE ratio of 52.46, a price-to-earnings-growth ratio of 1.85 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.31 and a current ratio of 1.86. Ollie’s Bargain Outlet has a 1 year low of $59.72 and a 1 year high of $103.03.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, June 6th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.02. Ollie’s Bargain Outlet had a net margin of 11.10% and a return on equity of 13.49%. The company had revenue of $324.90 million for the quarter, compared to analyst estimates of $319.24 million. During the same quarter last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Analysts expect that Ollie’s Bargain Outlet will post 2.15 EPS for the current year.
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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, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.
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