Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $104.42 Average Target Price from Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has received a consensus rating of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $104.92.

Several research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, August 30th. UBS Group upped their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Saturday. Loop Capital reaffirmed a “buy” rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $107.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday.

Insider Activity

In related news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Der Valk Eric Van sold 7,479 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the sale, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,632 shares of company stock valued at $2,459,421. 0.87% of the stock is currently owned by company insiders.

Institutional Trading of Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. City Center Advisors LLC bought a new position in Ollie’s Bargain Outlet in the third quarter worth $309,000. GAMMA Investing LLC raised its holdings in Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 179 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Ollie’s Bargain Outlet by 45.9% in the third quarter. Handelsbanken Fonder AB now owns 19,400 shares of the company’s stock worth $1,886,000 after purchasing an additional 6,100 shares in the last quarter. SG Americas Securities LLC bought a new position in Ollie’s Bargain Outlet in the third quarter worth $663,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at $298,000.

Ollie’s Bargain Outlet Stock Down 4.3 %

OLLI stock opened at $93.21 on Tuesday. The firm has a market capitalization of $5.72 billion, a PE ratio of 29.40, a PEG ratio of 2.38 and a beta of 0.84. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $104.98. The stock has a 50-day simple moving average of $94.98 and a two-hundred day simple moving average of $87.99.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting the consensus estimate 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 analyst estimates of $561.60 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Ollie’s Bargain Outlet’s revenue was up 12.4% on a year-over-year basis. On average, equities research analysts anticipate that Ollie’s Bargain Outlet will post 3.28 EPS for the current fiscal year.

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.