Mark L. Butler Sells 285,623 Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) CEO Mark L. Butler sold 285,623 shares of Ollie’s Bargain Outlet Holdings stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $45.19, for a total value of $12,907,303.37. Following the sale, the chief executive officer now directly owns 5,038,224 shares of the company’s stock, valued at approximately $227,677,342.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) traded up 2.78% during trading on Friday, reaching $44.35. The company’s stock had a trading volume of 505,149 shares. Ollie’s Bargain Outlet Holdings, Inc. has a 52 week low of $24.12 and a 52 week high of $46.08. The company has a market cap of $2.71 billion, a P/E ratio of 41.84 and a beta of 0.15. The company’s 50 day moving average price is $43.71 and its 200 day moving average price is $38.09.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, May 31st. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.25% and a return on equity of 10.11%. The company had revenue of $227.60 million during the quarter, compared to the consensus estimate of $220.56 million. During the same period in the prior year, the business posted $0.20 EPS. The company’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post $1.17 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first posted by BNB Daily and is owned by of BNB Daily. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/19/mark-l-butler-sells-285623-shares-of-ollies-bargain-outlet-holdings-inc-nasdaqolli-stock-updated.html.

Several institutional investors have recently bought and sold shares of OLLI. Alps Advisors Inc. increased its position in Ollie’s Bargain Outlet Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock worth $647,000 after buying an additional 40 shares in the last quarter. LS Investment Advisors LLC increased its position in Ollie’s Bargain Outlet Holdings by 1.1% in the second quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock worth $186,000 after buying an additional 46 shares in the last quarter. State of Alaska Department of Revenue increased its position in Ollie’s Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock worth $176,000 after buying an additional 150 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Ollie’s Bargain Outlet Holdings by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the company’s stock worth $839,000 after buying an additional 200 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in Ollie’s Bargain Outlet Holdings by 2.1% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,870 shares of the company’s stock worth $364,000 after buying an additional 220 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

A number of analysts recently issued reports on the company. BidaskClub raised Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 5th. TheStreet raised Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research report on Monday, July 17th. Credit Suisse Group reissued a “hold” rating on shares of Ollie’s Bargain Outlet Holdings in a research report on Sunday, June 4th. Royal Bank Of Canada restated a “buy” rating and set a $37.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, May 25th. Finally, Piper Jaffray Companies set a $48.00 target price on Ollie’s Bargain Outlet Holdings and gave the company a “buy” rating in a report on Thursday, June 1st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.60.

About Ollie’s Bargain Outlet Holdings

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 Holdings (NASDAQ:OLLI)

Receive News & Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply