Ollie’s Bargain Outlet (NASDAQ:OLLI) Sets New 52-Week High at $100.88

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI)’s stock price reached a new 52-week high on Monday . The company traded as high as $100.88 and last traded at $100.57, with a volume of 353035 shares. The stock had previously closed at $98.55.

Analyst Ratings Changes

A number of brokerages have commented on OLLI. JPMorgan Chase & Co. upgraded shares of Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 target price for the company in a report on Monday, June 17th. Loop Capital boosted their target price on shares of Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Craig Hallum boosted their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Bank of America boosted their target price on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.50.

Ollie’s Bargain Outlet Stock Up 0.5 %

The stock has a 50-day moving average of $85.51 and a 200 day moving average of $78.61. The stock has a market cap of $6.05 billion, a PE ratio of 31.08, a price-to-earnings-growth ratio of 2.71 and a beta of 0.90.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $508.82 million for the quarter, compared to analyst estimates of $506.49 million. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. Ollie’s Bargain Outlet’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. On average, equities analysts anticipate that Ollie’s Bargain Outlet Holdings, Inc. will post 3.26 EPS for the current year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 14,736 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $86.81, for a total value of $1,279,232.16. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,184,242. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Thomas Hendrickson sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total transaction of $361,450.00. Following the transaction, the director now owns 5,659 shares in the company, valued at approximately $409,089.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Swygert sold 14,736 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $86.81, for a total value of $1,279,232.16. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,184,242. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,384 shares of company stock worth $3,211,937. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in OLLI. Venturi Wealth Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 194.3% during the 1st quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock valued at $25,000 after buying an additional 204 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter valued at approximately $28,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter valued at approximately $29,000. Versant Capital Management Inc purchased a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $38,000. Finally, GAMMA Investing LLC lifted its position in shares of Ollie’s Bargain Outlet by 686.7% during the 2nd quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock valued at $46,000 after buying an additional 412 shares in the last quarter.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.