Ollie's Bargain Outlet Holdings Inc (OLLI) Director Thomas Hendrickson Sells 9,116 Shares

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) Director Thomas Hendrickson sold 9,116 shares of the stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $55.76, for a total transaction of $508,308.16. Following the completion of the sale, the director now owns 1,233 shares in the company, valued at $68,752.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Ollie's Bargain Outlet Holdings Inc (NASDAQ OLLI) opened at $56.15 on Thursday. The company has a quick ratio of 0.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.16. Ollie's Bargain Outlet Holdings Inc has a 52 week low of $30.55 and a 52 week high of $58.50. The firm has a market cap of $3,378.80, a price-to-earnings ratio of 48.50, a P/E/G ratio of 1.41 and a beta of 0.18.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a net margin of 8.17% and a return on equity of 10.55%. The firm had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $233.77 million. During the same period in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. research analysts anticipate that Ollie's Bargain Outlet Holdings Inc will post 1.24 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in shares of Ollie's Bargain Outlet by 198.1% during the fourth quarter. Jane Street Group LLC now owns 16,197 shares of the company’s stock worth $862,000 after buying an additional 10,764 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth $1,378,000. Ellington Management Group LLC acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth $2,034,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth $234,000. Finally, Sapphire Star Partners LP acquired a new stake in shares of Ollie's Bargain Outlet during the fourth quarter worth $537,000. 88.52% of the stock is owned by hedge funds and other institutional investors.

OLLI has been the topic of a number of analyst reports. Stephens started coverage on shares of Ollie's Bargain Outlet in a research report on Tuesday, October 31st. They issued an “overweight” rating and a $53.00 price target on the stock. Zacks Investment Research downgraded shares of Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Wells Fargo & Co initiated coverage on shares of Ollie's Bargain Outlet in a report on Friday, November 3rd. They set a “market perform” rating and a $45.00 target price on the stock. Citigroup initiated coverage on shares of Ollie's Bargain Outlet in a research note on Friday, November 17th. They set a “sell” rating and a $39.00 price target for the company. Finally, Jefferies Group raised their price target on shares of Ollie's Bargain Outlet to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ollie's Bargain Outlet presently has a consensus rating of “Buy” and a consensus price target of $51.54.

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About Ollie's Bargain Outlet

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.

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

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