Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) Director Acquires $129,320.00 in Stock
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 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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