Ollie’s Bargain Outlet (NASDAQ:OLLI) Lowered to Hold Rating by Jefferies Financial Group

Ollie’s Bargain Outlet (NASDAQ:OLLI) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report released on Tuesday,Finviz reports. They presently have a $111.00 price objective on the stock, down from their previous price objective of $125.00. Jefferies Financial Group’s price target would indicate a potential upside of 3.13% from the company’s current price.

Several other analysts also recently weighed in on OLLI. Bank of America boosted their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company increased their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Truist Financial boosted their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Loop Capital upped their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Piper Sandler increased their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average target price of $118.07.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $107.63 on Tuesday. The stock has a market capitalization of $6.60 billion, a P/E ratio of 32.13, a P/E/G ratio of 2.76 and a beta of 0.81. The company’s 50-day moving average is $108.54 and its 200 day moving average is $99.54. Ollie’s Bargain Outlet has a 1 year low of $68.05 and a 1 year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping 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 business had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same quarter last year, the firm posted $0.51 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. Research analysts anticipate that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO John W. Swygert sold 4,800 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total value of $492,480.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $4,945,320. This trade represents a 9.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James J. Comitale sold 5,325 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total transaction of $606,783.75. Following the transaction, the senior vice president now directly owns 3,140 shares in the company, valued at $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 87,771 shares of company stock valued at $9,650,832 in the last 90 days. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB increased its stake in shares of Ollie’s Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $26,000. Blue Trust Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after buying an additional 101 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in Ollie’s Bargain Outlet during the fourth quarter worth $58,000. Finally, UMB Bank n.a. raised its position in Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares during the period.

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.