Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Seeing Big Insider Selling

The insider sell/buy ratio of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) is recorded at 15, pointing to bearish feelings about the stock among corporate executives and directors. OLLI recorded 15 sales on the open market in the last three months. They sold nearly 377,668 shares while purchases amounted to zero shares that period. Looking even further back to 12 months, corporate insiders offloaded 2,607,324 shares when buyers snapped up no shares. The 12-month’s totals signify about a 52-to-1 sell/buy ratio.

Butler Mark L parted with a total of 80 thousand shares of Ollie’s Bargain Outlet Holdings, Inc. (OLLI) at average share price of $88.95. This insider trade in the company took place on 12/04/2018. The total for the sales was set at $7.12 million. After this transaction, the President, CEO, 10% Owner account balance stood at 8.61 million shares. The stock lost -19.17 percent since that insider sale. On 11/19/2018, Swygert John W, EVP, COO, sold 48 thousand shares at a price per share of $88.84. This removed 4.26 million shares from the insider’s fortune and the stock saw a -19.07 percent retreat in value since the news became public. This transaction left 29.19 thousand shares in the EVP, COO account.

On 11/12/2018, SVP, Store Operations Segura Omar performed a sale transaction worth $1.18 million. This sale at $91.06 each has eliminated 13 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -21.04 percent decrease since the transaction was reported. The insider now is left with 0 thousand shares remaining in the account. Bertram Kenneth Robert, who performs the VP, General Counsel job, sold 9 thousand shares for $821.88 thousand. The disposal occurred on 11/12/2018 was priced at $91.32 per share. The share price plunged -21.27 percent since the reporting date. Bertram Kenneth Robert now left with a stake of 15.97 thousand OLLI stock worth $1.15 million after the insider selling.

The 12-month median price target for Ollie’s Bargain Outlet Holdings, Inc. (OLLI) assigned by the analysts stands at $94.5, which represents a return potential of 31.43 percent when compared to the closing price of the stock of $71.9 on Thursday, December 06. The lowest price target for the stock is $82 — slightly more than 14.05 percent from OLLI’s current share price. The stock will probably climb 31.93 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $108-month high price target. This represents a whopping 50.21 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 28.73 on daily chart, which may remain a cause for comfort. If the price breaks below $63.94 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $78.26 mark may result into a pull-back move towards $84.62 level. The stock is currently hovering around the first support level of $67.92. Below this, the next support is placed in the zone of $63.94. Till the time, the OLLI stock trades above this level, bulls have nothing to fear.

Shares of Ollie’s Bargain Outlet Holdings, Inc. (OLLI) are trading at a P/E ratio of 39.2 times earnings reported for the past 12 months. The industry OLLI operates in has an average P/E of 39.12. Its P/E ratio went as low as 27.37X and as high as 34.8 over the 5-year span. Further, it is sporting a 3.94 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.06. 40 percent is the gross profit margin for Ollie’s Bargain Outlet Holdings, Inc. and operating margin sits at 12.9 percent. Along with this, the net profit margin is 12.9 percent.

On 6th of December, Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shares ended lower after a volatile session. The shares dropped -14.93 points or -17.19 percent at $71.9 with a light trade volume of 5.379 million shares. After opening the session at $79.62, the shares went as high as $80.64 and as low as $70.3001, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $4.56 billion and now has 63.44 million shares outstanding. Ollie’s Bargain Outlet Holdings, Inc. (OLLI) stock has lost -19.36 percent of market value in 21 trading days.

OLLI stock has a trailing 3-year beta of 0.37, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.21 a share in the trailing twelve months. The stock’s value has surged 35.02 percent year to date (YTD) against a rise of 41.81 percent in 12 month’s time. The company’s shares still trade -26.34 percent away from its 1-year high of $97.61 and 50.56 percent up from 52-week low of $47.76. The average consensus rating on the company is 2.2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.