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Kevin McLain, Senior Vice President of Merchandising at Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), recently executed a series of stock transactions, according to an SEC filing. On March 31 and April 1, McLain sold a total of 12,621 shares of common stock, generating approximately $1.43 million. The shares were sold at prices ranging from $111.56 to $115.56. The timing of these transactions is notable as OLLI shares are currently trading at $118.20, near their 52-week high of $120.03, having delivered an impressive 65.6% return over the past year.
Additionally, McLain exercised options to acquire 12,621 shares at prices between $79.89 and $86.03, with the total value of these transactions reaching approximately $1.04 million. Following these transactions, McLain now holds 12,336 shares of Ollie’s Bargain Outlet stock, which currently has a market capitalization of $7.24 billion. According to InvestingPro analysis, OLLI appears to be trading above its Fair Value, with 15+ additional exclusive insights available to subscribers through detailed Pro Research Reports.
In other recent news, Ollie’s Bargain Outlet has shown robust financial performance, with several analyst firms weighing in on the company’s prospects. UBS highlighted Ollie’s strong fourth-quarter results, noting a 2.8% growth in same-store sales, which exceeded market expectations despite challenging conditions. The firm’s gross margin reached 40.3%, slightly above its target, and the adjusted EBITDA margin was 13.8%. UBS increased its price target for Ollie’s to $123, maintaining a Neutral rating.
Meanwhile, RBC Capital Markets reiterated an Outperform rating with a $133 price target, citing Ollie’s strong business fundamentals and potential market share gains. Piper Sandler slightly reduced its price target to $124 but maintained an Overweight rating, expressing confidence in Ollie’s 2025 guidance. Citi reaffirmed its Buy rating with a $133 target, pointing to Ollie’s better-than-expected same-store sales and potential benefits from competitor store closures.
Lastly, Truist Securities raised its price target to $126, maintaining a Buy rating, and emphasized Ollie’s ability to overcome challenges such as unfavorable weather and competitive store closures. These developments reflect a positive outlook from multiple analysts, highlighting Ollie’s strategic positioning and potential for growth.
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