Ollie’s Bargain Outlet (NASDAQ:OLLI) Earns “Buy” Rating from Loop Capital

Loop Capital restated their buy rating on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a report issued on Friday, Benzinga reports. The brokerage currently has a $110.00 target price on the stock.

Several other research firms also recently weighed in on OLLI. Craig Hallum upped their price target on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a buy rating in a research report on Thursday, June 6th. Bank of America lifted their price target on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a buy rating in a research note on Thursday, June 6th. Royal Bank of Canada reduced their price objective on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an outperform rating for the company in a research note on Friday, August 30th. Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an equal weight rating in a research note on Thursday, June 6th. Finally, Wells Fargo & Company increased their target price on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an overweight rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $103.33.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $101.68 on Friday. The company has a fifty day moving average of $95.38 and a two-hundred day moving average of $86.45. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.48 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company had revenue of $578.38 million during the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter in the prior year, the firm posted $0.67 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts forecast that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the transaction, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the sale, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLLI. Capital Research Global Investors purchased a new position in Ollie’s Bargain Outlet in the first quarter valued at $136,978,000. Norges Bank purchased a new position in Ollie’s Bargain Outlet in the fourth quarter worth approximately $59,215,000. D. E. Shaw & Co. Inc. grew its holdings in Ollie’s Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after acquiring an additional 512,928 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet by 199.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock valued at $54,981,000 after purchasing an additional 372,914 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Ollie’s Bargain Outlet by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after purchasing an additional 343,903 shares in the last quarter.

About Ollie’s Bargain Outlet

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.