Revenue Update on Ollie's Bargain Outlet Holdings Inc(NASDAQ:OLLI)

Ollie's Bargain Outlet Holdings Inc(NASDAQ:OLLI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.39.

Ollie's Bargain Outlet Holdings Inc (OLLI) shares turned negative on Fridays trading session with the shares closing down -0.15 points or -0.46% at a volume of 4,25,646. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.9. The peak price level was also seen at $32.9 while the days lowest was $32.15. Finally the shares closed at $32.45. The 52-week high of the shares is $33.45 while the 52-week low is $21.37. According to the latest information available, the market cap of the company is $1,967 M.

Several Insider Transactions has been reported to the SEC. On Mar 21, 2017, John W Swygert (EVP, CFO) sold 20,000 shares at $32.52 per share price.Also, On Mar 16, 2017, Kevin Mclain (SVP, Merchandising) sold 10,000 shares at $31.42 per share price.On Mar 14, 2017, Kenneth Robert Bertram (VP and General Counsel) sold 5,500 shares at $31.26 per share price, according to the Form-4 filing with the securities and exchange commission.

Ollie’s Bargain Outlet Holdings Inc. is a retailer of closeouts excess inventory and salvage merchandise. The Company through its wholly owned subsidiary Ollie’s Bargain Outlet Inc. offers products of various categories including housewares food books and stationery bed and bath floor coverings toys and hardware. It offers products under various brands such as Ollie’s Ollie’s Bargain Outlet Ollie’s Army Real Brands! Real Bargains! and Good Stuff Cheap. The Company operates approximately through approximately 185 stores across 16 states including Alabama Delaware Georgia Indiana Kentucky Maryland Michigan New Jersey New York North Carolina Ohio Pennsylvania South Carolina Tennessee Virginia and West Virginia. It owns several domain names including www.ollies.us www.olliesbargainoutlet.com www.olliesarmy.com www.ollies.cheap www.sarasotabreeze.com and www.olliesmail.com.

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