Ollie’s Bargain Outlet Holdings Inc (OLLI) SVP Kevin Mclain Sells 20,000 Shares

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Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) SVP Kevin Mclain sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $88.03, for a total transaction of $1,760,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kevin Mclain also recently made the following trade(s):

  • On Wednesday, August 29th, Kevin Mclain sold 20,000 shares of Ollie’s Bargain Outlet stock. The stock was sold at an average price of $84.00, for a total transaction of $1,680,000.00.
  • On Wednesday, August 22nd, Kevin Mclain sold 20,000 shares of Ollie’s Bargain Outlet stock. The stock was sold at an average price of $80.00, for a total transaction of $1,600,000.00.
  • On Monday, June 11th, Kevin Mclain sold 12,667 shares of Ollie’s Bargain Outlet stock. The stock was sold at an average price of $72.64, for a total transaction of $920,130.88.

Ollie’s Bargain Outlet stock traded down $0.55 during mid-day trading on Thursday, hitting $87.95. The company had a trading volume of 1,328,500 shares, compared to its average volume of 699,233. The firm has a market capitalization of $5.43 billion, a P/E ratio of 68.92, a P/E/G ratio of 2.19 and a beta of 0.26. Ollie’s Bargain Outlet Holdings Inc has a 1 year low of $42.36 and a 1 year high of $89.85. The company has a quick ratio of 0.25, a current ratio of 2.18 and a debt-to-equity ratio of 0.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The company had revenue of $288.10 million for the quarter, compared to analyst estimates of $284.19 million. Ollie’s Bargain Outlet had a net margin of 12.36% and a return on equity of 12.06%. The firm’s revenue was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 earnings per share. research analysts expect that Ollie’s Bargain Outlet Holdings Inc will post 1.73 earnings per share for the current fiscal year.

A number of research firms recently weighed in on OLLI. Zacks Investment Research lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Buckingham Research upped their target price on shares of Ollie’s Bargain Outlet from $75.00 to $90.00 and gave the stock a “neutral” rating in a research note on Thursday. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 8th. Royal Bank of Canada upped their target price on shares of Ollie’s Bargain Outlet to $95.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, MKM Partners upped their target price on shares of Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $84.06.

Institutional investors have recently made changes to their positions in the business. NumerixS Investment Technologies Inc increased its stake in Ollie’s Bargain Outlet by 135.8% in the second quarter. NumerixS Investment Technologies Inc now owns 12,500 shares of the company’s stock valued at $912,000 after purchasing an additional 7,200 shares during the last quarter. Fred Alger Management Inc. increased its stake in Ollie’s Bargain Outlet by 15.9% in the second quarter. Fred Alger Management Inc. now owns 838,382 shares of the company’s stock valued at $60,783,000 after purchasing an additional 114,899 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Ollie’s Bargain Outlet in the second quarter valued at approximately $1,330,000. Yorktown Management & Research Co Inc boosted its holdings in shares of Ollie’s Bargain Outlet by 6.6% in the second quarter. Yorktown Management & Research Co Inc now owns 12,900 shares of the company’s stock valued at $935,000 after acquiring an additional 800 shares during the period. Finally, Retirement Systems of Alabama acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $4,683,000. Institutional investors own 89.04% of the company’s stock.

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, 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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