Ollie’s Bargain Outlet Sees Unusually Large Options Volume (NASDAQ:OLLI)

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Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) was the recipient of some unusual options trading on Monday. Stock traders acquired 5,040 call options on the stock. This is an increase of approximately 1,531% compared to the typical daily volume of 309 call options.

Shares of NASDAQ:OLLI opened at $60.23 on Tuesday. The stock has a market cap of $3.82 billion, a PE ratio of 32.91, a PEG ratio of 1.45 and a beta of 0.87. The company’s fifty day moving average is $63.86 and its 200 day moving average is $74.54. Ollie’s Bargain Outlet has a 52 week low of $53.60 and a 52 week high of $103.03. The company has a quick ratio of 0.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.26.

A number of research firms recently commented on OLLI. BidaskClub cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Credit Suisse Group reaffirmed an “outperform” rating and set a $78.00 price target (down previously from $103.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 29th. Bank of America cut their price objective on Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Morgan Stanley reduced their price objective on Ollie’s Bargain Outlet from $89.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Finally, Royal Bank of Canada raised Ollie’s Bargain Outlet from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $65.00 to $67.00 in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $80.00.

In other news, SVP Kevin Mclain sold 4,375 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $64.45, for a total transaction of $281,968.75. Also, Director Stanley Fleishman acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of $64.66 per share, with a total value of $129,320.00. Following the completion of the acquisition, the director now directly owns 43,974 shares in the company, valued at approximately $2,843,358.84. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 29,270 shares of company stock worth $1,892,131. Insiders own 16.36% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Ollie’s Bargain Outlet by 119.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 5,616,150 shares of the company’s stock valued at $489,223,000 after buying an additional 3,059,692 shares during the last quarter. Invesco Ltd. boosted its holdings in Ollie’s Bargain Outlet by 117.4% during the 2nd quarter. Invesco Ltd. now owns 1,583,498 shares of the company’s stock valued at $137,938,000 after acquiring an additional 855,278 shares during the period. Massachusetts Financial Services Co. MA grew its position in Ollie’s Bargain Outlet by 379.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 588,102 shares of the company’s stock worth $34,486,000 after acquiring an additional 465,454 shares during the last quarter. Morgan Stanley grew its position in Ollie’s Bargain Outlet by 212.2% during the 2nd quarter. Morgan Stanley now owns 394,129 shares of the company’s stock worth $34,332,000 after acquiring an additional 267,876 shares during the last quarter. Finally, Macquarie Group Ltd. increased its stake in Ollie’s Bargain Outlet by 1,027.7% in the 2nd quarter. Macquarie Group Ltd. now owns 258,266 shares of the company’s stock worth $22,498,000 after purchasing an additional 235,365 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.

Ollie’s Bargain Outlet Company Profile

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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