Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has reported a sale of common stock by its Senior Vice President and Chief Financial Officer, Robert F. Helm. According to a recent filing with the Securities and Exchange Commission, the CFO sold a total of 170 shares at a price of $80.00 each, resulting in a transaction value of $13,600.
The sale took place on May 6, 2024, and was executed under a trading plan which Helm had previously established in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. This rule allows company insiders to set up predetermined trading plans for selling stocks they own, providing a defense against potential accusations of insider trading. Such plans are typically adopted when the insider does not have material, non-public information, and transactions under these plans are executed at times when the insider may otherwise be prevented from trading due to insider trading laws.
Following the sale, Helm retains ownership of 1,437 shares of Ollie's Bargain Outlet common stock. The transaction was conducted directly, indicating that the shares were personally held by Helm.
Investors often monitor insider sales as they provide insights into an executive's perspective on the company's current valuation and future prospects. However, it's important to note that insider trading activities can be subject to various personal financial requirements and do not always necessarily indicate a lack of confidence in the company.
Ollie's Bargain Outlet Holdings, Inc. is a retail chain known for offering discounted merchandise and operates stores across the United States. The company's stock is publicly traded, and its financial movements are closely watched by shareholders and market analysts.
The SEC filing detailing the transaction was signed by James J. Comitale, as Attorney-In-Fact, on May 7, 2024.
InvestingPro Insights
With the recent insider sale at Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), investors may be contemplating the company's valuation and growth prospects. According to InvestingPro data, Ollie's Bargain Outlet currently has a market capitalization of $4.87 billion and boasts a P/E ratio of 27.12, which is considered low in relation to the company's near-term earnings growth. The adjusted P/E ratio for the last twelve months as of Q4 2024 is slightly lower at 26.86, indicating a consistent valuation over the period.
InvestingPro Tips suggest that Ollie's Bargain Outlet has experienced a significant return over the last week, with a 1 Week Price Total Return of 8.71%. This performance reflects positively on the company's short-term investor sentiment. Moreover, the company's liquid assets are reported to exceed its short-term obligations, which could imply financial stability and the ability to cover immediate liabilities.
It's worth noting that analysts predict Ollie's Bargain Outlet will be profitable this year, and the company has been profitable over the last twelve months. These factors, combined with a moderate level of debt, could make OLLI an attractive stock for investors seeking growth in the retail sector. For those interested in a deeper analysis, there are additional InvestingPro Tips available at Investing.com/pro/OLLI, and by using the coupon code PRONEWS24, readers can receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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