Oklo stock tumbles as Financial Times scrutinizes valuation
James J. Comitale, SVP, General Counsel at Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), sold 1,775 shares of common stock on October 20 at $125.75, for a total of $223,206. The transaction comes as the $7.4 billion retailer trades near its 52-week high of $141.74, with InvestingPro analysis indicating the stock is currently trading at premium valuations.
According to a Form 4 filing with the Securities and Exchange Commission, Comitale also disposed of 311 shares on October 18, at $124.56, for a total value of $38,738. The filing indicates that the shares were relinquished to cover tax obligations resulting from the vesting of restricted stock units. The company maintains strong financial health with a current ratio of 2.63, operating with moderate debt levels.
On October 18 and 20, Comitale exercised options to acquire a total of 2,480 shares of Ollie’s Bargain Outlet Holdings, Inc. common stock. Specifically, 705 shares were acquired on October 18 at a price of $0, and 1,775 shares were acquired on October 20 at $66.48, for a total value of $118,002. For deeper insights into insider trading patterns and comprehensive financial analysis, access the full InvestingPro research report, which includes 10+ additional exclusive ProTips about OLLI’s valuation and growth prospects.
In other recent news, Ollie’s Bargain Outlet has seen a series of positive developments following its strong quarterly performance. The company reported a 5% increase in comparable store sales, marking its strongest growth since the second quarter of 2024. This robust performance has led several analyst firms to raise their price targets for the retailer. UBS increased its price target to $140, maintaining a Neutral rating, while Craig-Hallum raised it to $156 with a Buy rating, citing "historic" gross margin results. RBC Capital also raised its target to $149, noting a "near flawless quarter" and a 26% growth in earnings per share. KeyBanc reiterated its Overweight rating with a $145 price target, attributing the success to broad-based strength and promotional events like Ollie’s Army Night. Jefferies raised its price target to $135, highlighting the retailer’s 17% year-over-year store growth and market share gains. These developments reflect a positive outlook from analysts on Ollie’s recent performance and future prospects.
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