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Eric van der Valk, President and CEO of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), recently sold shares of the company valued at $127,810. The transactions, which took place on March 31, involved the sale of 1,153 shares at a price of $110.85 per share. Following these sales, van der Valk retains ownership of 6,268 shares. The sale comes as OLLI trades near its 52-week high of $120.03, with the stock showing remarkable strength with a 65.56% return over the past year. According to InvestingPro analysis, the company maintains a "GOOD" financial health rating, though it currently trades at a relatively high P/E ratio of 35.9x.
In addition to the sales, van der Valk also made a charitable donation of 500 shares. This gift, made to a charitable donor-advised fund, was executed without any financial consideration.
These transactions were conducted under an agreement adopted on December 23, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act.
In other recent news, Ollie’s Bargain Outlet has reported strong fourth-quarter earnings, demonstrating resilience in a challenging consumer environment. The company achieved same-store sales growth of 2.8%, surpassing market expectations. UBS highlighted this performance by raising its price target for Ollie’s to $123, while maintaining a Neutral rating. RBC Capital Markets reiterated an Outperform rating with a $133 price target, emphasizing Ollie’s potential for market share gains. Meanwhile, Piper Sandler adjusted its price target slightly downward to $124 but maintained an Overweight rating, citing a strong outlook for 2025. Citi also reaffirmed a Buy rating with a $133 target, pointing to Ollie’s ability to benefit from competitor store closures. Truist Securities raised its price target to $126, maintaining a Buy rating, and noted Ollie’s capacity to capture market share amidst economic pressures. These developments reflect a generally positive analyst sentiment towards Ollie’s Bargain Outlet’s future prospects.
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