Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price Expected to Rise, Loop Capital Analyst Says

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target increased by Loop Capital from $110.00 to $120.00 in a research report sent to investors on Wednesday,Benzinga reports. Loop Capital currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on OLLI. Craig Hallum increased their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company cut shares of Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $100.00 to $95.00 in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday. Piper Sandler increased their target price on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada lifted their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $116.58.

Ollie’s Bargain Outlet Trading Up 1.4 %

NASDAQ:OLLI opened at $112.77 on Wednesday. The firm has a fifty day simple moving average of $96.26 and a 200-day simple moving average of $95.19. The company has a market capitalization of $6.91 billion, a P/E ratio of 33.66, a PEG ratio of 2.81 and a beta of 0.85. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $115.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same period in the previous year, the company posted $0.51 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts forecast that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the transaction, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. The trade was a 54.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the transaction, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,755 shares of company stock worth $10,165,712. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several large investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at approximately $36,000. GAMMA Investing LLC increased its position in shares of Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after acquiring an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth $117,000. Finally, LRI Investments LLC raised its holdings in shares of Ollie’s Bargain Outlet by 2,356.1% during the third quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after acquiring an additional 1,343 shares during the period.

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.