Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has reported a recent sale of company stock by a high-ranking executive, according to the latest SEC filings. The company's Senior Vice President and Chief Financial Officer, Robert F. Helm, sold 170 shares of common stock at a price of $78.76 per share, resulting in a total transaction value of $13,389.
The transaction, which took place on April 1, 2024, was conducted under a pre-arranged trading plan in line with Rule 10b5-1 of the Securities Exchange Act of 1934. This rule allows insiders of publicly traded corporations to set up a trading plan for selling stocks they own. The plan was adopted on September 13, 2023, and became effective on December 13, 2023, indicating that the sale was part of a structured plan for stock trades.
Following the sale, Helm's direct ownership in Ollie's Bargain Outlet Holdings, Inc. stands at 1,607 shares. The price reported represents the specific price at which the shares were sold in a single transaction.
Investors often pay close attention to insider sales as they can provide insights into an executive's perspective on the company's current valuation or future prospects. However, it is important to note that such transactions do not necessarily indicate a lack of confidence in the company; they may also reflect personal financial management decisions.
Ollie's Bargain Outlet Holdings, Inc., headquartered in Harrisburg, Pennsylvania, operates a chain of retail stores offering discounted merchandise. The company has been a popular choice among bargain shoppers looking for a variety of products including housewares, food, books, and toys.
Investors and market watchers will continue to monitor insider transactions as part of their assessment of Ollie's Bargain Outlet's stock performance and company health.
InvestingPro Insights
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has recently experienced notable movements in its stock performance and financial metrics, which are important for investors to consider alongside insider transactions. With a market capitalization of $4.2 billion, the company is trading at a P/E ratio of 23.23, which is relatively low considering its near-term earnings growth. This could suggest that the stock is undervalued, especially as the company has been profitable over the last twelve months with a reported revenue growth of 15.09% in the same period.
InvestingPro Tips highlight that 9 analysts have revised their earnings upwards for the upcoming period, signaling potential optimism about the company's future performance. Additionally, despite the stock taking a hit over the past week with a price total return of -9.39%, the company's fundamentals remain strong. Ollie's Bargain Outlet operates with a moderate level of debt, and its liquid assets exceed short-term obligations, which provides a level of financial stability.
For investors looking for more in-depth analysis and additional InvestingPro Tips, they can explore the full range of insights available for Ollie's Bargain Outlet at Investing.com. There are 8 more tips listed on InvestingPro that could further inform investment decisions. To access these insights, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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