Thomas Hendrickson, a director at Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), recently engaged in transactions involving the company's common stock, according to a new SEC filing. On April 18, Hendrickson sold 5,000 shares of Ollie's Bargain Outlet at prices ranging from $72.11 to $72.43, with a weighted average price of $72.29 per share. This sale resulted in a total transaction value exceeding $361,450.
In addition to the sale, Hendrickson also acquired 5,000 shares of common stock at a price of $11.54 per share, amounting to a total of $57,699. These transactions have adjusted Hendrickson's total direct ownership in the company to 5,659 shares of common stock following the reported transactions.
The sale took place amid regular trading, with the prices for the shares sold being detailed in a footnote of the filing. It specifies that the reporting individual is prepared to provide full information regarding the number of shares sold at each price within the reported range upon request.
Furthermore, the filing included a derivative transaction where Hendrickson exercised options to buy 5,000 shares of common stock. These options, which were part of an employee stock option plan, had vested in full as of March 10, 2020, and were exercised at a conversion price of $11.54. Post this transaction, Hendrickson's direct ownership in derivative securities stands at 4,500 shares.
Investors often monitor insider transactions as they can provide insights into how executives and directors view the company's stock value and future performance. Ollie's Bargain Outlet Holdings, Inc. is a retail chain known for offering discounted merchandise and operates stores across the United States.
The SEC filing by Thomas Hendrickson provides a transparent look at the recent financial moves of an Ollie's Bargain Outlet insider, reflecting changes in insider holdings that are publicly disclosed for investor consideration.
InvestingPro Insights
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has shown notable financial performance recently, with some insightful metrics and analyst actions that could be of interest to investors following Thomas Hendrickson's insider transactions. The company's market capitalization stands at a robust $4.52 billion, reflecting investor confidence in its business model. Furthermore, Ollie's is trading at a forward Price-to-Earnings (P/E) ratio of 24.93, which may suggest a reasonable valuation given its near-term earnings growth potential.
From an operational standpoint, Ollie's has demonstrated a solid gross profit margin of 39.59% over the last twelve months as of Q4 2024. This is complemented by a strong revenue growth of 15.09% over the same period, indicating the company's ability to expand its financial base while maintaining profitability. Additionally, the company's operating income margin stands at 10.83%, showcasing its efficiency in converting revenue into actual income.
InvestingPro Tips highlight that analysts have recently revised their earnings upwards for Ollie's, signaling positive sentiment about the company's future performance. Moreover, the company's liquid assets are reported to exceed its short-term obligations, which provides a cushion for operational flexibility and financial stability.
For investors interested in a more in-depth analysis, there are 7 additional InvestingPro Tips available for Ollie's Bargain Outlet, which can be accessed by visiting: https://www.investing.com/pro/OLLI. To enhance your investing strategy, consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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