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James J. Comitale, Senior Vice President and General Counsel at Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), recently sold a portion of his holdings in the company. According to a recent SEC filing, Comitale sold 1,717 shares of the company’s common stock on March 31, 2025, at a price of $110.85 per share. This transaction amounted to a total value of $190,329. The stock has since climbed to $118.20, approaching its 52-week high of $120.03, with the company now valued at $7.24 billion.
In a separate transaction on the same day, Comitale exercised options to acquire 1,717 shares at a price of $57.98 per share, resulting in a transaction valued at $99,551. Following these transactions, Comitale holds 4,191 shares of Ollie’s Bargain Outlet.
These transactions were conducted under a pre-established trading plan adopted on December 19, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act.
In other recent news, Ollie’s Bargain Outlet has reported a strong fourth-quarter performance, with same-store sales growth of 2.8%, surpassing market expectations. The company’s profitability metrics were in line with strategic goals, with a gross margin of 40.3% and an adjusted EBITDA margin of 13.8%. UBS has responded by raising its price target for Ollie’s to $123, citing the company’s resilience in a challenging consumer environment. Meanwhile, RBC Capital Markets maintained an Outperform rating with a $133 price target, highlighting Ollie’s potential for market share gains from competitors like Big Lots (NYSE:BIG).
Piper Sandler adjusted its price target slightly down to $124 but maintained an Overweight rating, noting Ollie’s strong outlook for 2025. Citi also reaffirmed its Buy rating with a $133 price target, emphasizing Ollie’s better-than-expected same-store sales and promising start to the first quarter. Truist Securities raised its price target to $126 from $121, maintaining a Buy rating, and expressed optimism about Ollie’s ability to capture market share and benefit from tariff-related opportunities. These developments underscore the company’s strong position in the retail sector and its potential for growth.
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