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HARRISBURG, PA—John W. Swygert, the Executive Chairman of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), a retail chain with a market capitalization of $6.3 billion and strong financial health according to InvestingPro analysis, recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Swygert disposed of 3,331 shares of common stock on April 4, 2025. The shares were sold at a weighted average price of $114.60, resulting in a total transaction value of $381,732. The transaction occurred as the stock traded near its 52-week high of $120.03, with the company showing solid revenue growth of 8% over the last twelve months.
Following the sale, Swygert retains ownership of 48,200 shares in the company. The transaction was conducted under a pre-established trading plan adopted on July 18, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The shares were sold in multiple transactions at prices ranging from $112.78 to $116.70. For deeper insights into OLLI's valuation and comprehensive analysis, including 10+ additional exclusive ProTips, visit InvestingPro.
In other recent news, Ollie's Bargain Outlet has reported a strong fourth quarter, with same-store sales growth of 2.8%, surpassing market expectations. The company's full-year gross margin reached 40.3%, slightly above its target, and adjusted EBITDA margin was at 13.8%. UBS has responded to these results by raising its price target for Ollie's to $123, highlighting the company's resilience in a challenging consumer environment. RBC Capital Markets maintained an Outperform rating with a $133 price target, citing strong business fundamentals and potential market share gains. Piper Sandler adjusted its price target slightly down to $124 but maintained an Overweight rating, emphasizing the company's robust outlook for 2025. Citi reaffirmed a Buy rating with a $133 price target, noting better-than-expected same-store sales and a promising start to the first quarter. Truist Securities also increased its price target to $126, maintaining a Buy rating, and pointed to Ollie's ability to capture market share amidst economic pressures. These developments reflect analysts' confidence in Ollie's strategic positioning and potential for growth.
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