Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) Director Stanley Fleishman bought 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average price of $64.66 per share, for a total transaction of $129,320.00. Following the completion of the purchase, the director now directly owns 43,974 shares of the company’s stock, valued at approximately $2,843,358.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

OLLI traded up $0.59 on Friday, reaching $63.73. The company’s stock had a trading volume of 641,329 shares, compared to its average volume of 1,067,897. The stock has a 50 day moving average of $74.53 and a two-hundred day moving average of $86.43. The company has a quick ratio of 0.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 34.83, a P/E/G ratio of 1.55 and a beta of 0.87. Ollie’s Bargain Outlet Holdings Inc has a fifty-two week low of $54.27 and a fifty-two week high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.11). The business had revenue of $333.90 million during the quarter, compared to analyst estimates of $339.83 million. Ollie’s Bargain Outlet had a net margin of 10.37% and a return on equity of 12.67%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. As a group, analysts anticipate that Ollie’s Bargain Outlet Holdings Inc will post 1.97 earnings per share for the current fiscal year.

A number of research firms recently weighed in on OLLI. Royal Bank of Canada cut their target price on shares of Ollie’s Bargain Outlet from $85.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 29th. KeyCorp cut their target price on shares of Ollie’s Bargain Outlet from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Wells Fargo & Co restated a “market perform” rating and set a $60.00 target price (down from $85.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 29th. BidaskClub upgraded shares of Ollie’s Bargain Outlet from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Finally, Morgan Stanley cut their target price on shares of Ollie’s Bargain Outlet from $89.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $79.83.

A number of institutional investors and hedge funds have recently made changes to their positions in OLLI. Optimum Investment Advisors acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at approximately $26,000. Princeton Global Asset Management LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at approximately $35,000. Private Capital Group LLC boosted its holdings in Ollie’s Bargain Outlet by 166.3% in the second quarter. Private Capital Group LLC now owns 522 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares in the last quarter. Intercontinental Wealth Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $39,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $44,000. 92.49% of the stock is owned by hedge funds and other institutional investors.

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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