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HARRISBURG, PA—Robert Fisch, a director at Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), has sold shares worth approximately $675,500, according to a recent SEC filing. The transaction, which took place on March 24, involved the sale of 6,250 shares of common stock at a weighted average price of $108.08 per share. The shares were sold in multiple transactions at prices ranging from $107.95 to $108.62. The stock, currently trading at $106.36, appears overvalued according to InvestingPro analysis, with a P/E ratio of 32.7x.
In addition to the stock sale, Fisch exercised stock options to acquire 6,250 shares at a price of $18.19 per share, which were subsequently sold. Following these transactions, Fisch’s direct ownership in Ollie’s Bargain Outlet stands at 22,159 shares. The company maintains strong financial health with a current ratio of 3.27x, indicating solid liquidity.
The transactions highlight ongoing activity by company insiders, providing investors with insights into potential shifts in stock holdings by key figures within the company. Ollie’s Bargain Outlet, known for its discount retail stores, continues to navigate a competitive retail landscape, achieving 8% revenue growth in the last twelve months. InvestingPro subscribers can access 10+ additional exclusive insights and a comprehensive analysis of OLLI’s valuation metrics and growth prospects.
In other recent news, Ollie’s Bargain Outlet has reported strong fourth-quarter earnings, exceeding market expectations with a same-store sales growth of 2.8%. UBS highlighted this performance by raising the company’s price target to $123, citing Ollie’s resilience in a challenging consumer environment. Similarly, RBC Capital Markets maintained an Outperform rating with a $133 price target, noting Ollie’s strong business fundamentals and potential market share gains. Meanwhile, Piper Sandler adjusted its price target to $124 but maintained an Overweight rating, emphasizing the company’s strategic positioning amidst uncertain consumer spending.
Citi reaffirmed a Buy rating with a $133 price target, pointing to Ollie’s better-than-expected same-store sales and a promising start to the first quarter. The analyst noted potential benefits from competitor store closures and industry disruptions. Truist Securities also raised its price target to $126, maintaining a Buy rating due to Ollie’s robust performance and potential for market share growth. Analysts across these firms have acknowledged Ollie’s strategic advantages, including opportunities from competitor liquidations and tariff-related inventory acquisitions. These developments indicate a positive outlook for Ollie’s as it navigates the current retail landscape.
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