Brokerages Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) PT at $118.07

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has received a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $118.07.

Several research firms have recently weighed in on OLLI. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price objective for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Bank of America lifted their price objective 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. Truist Financial lifted their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th.

Ollie’s Bargain Outlet Trading Down 0.2 %

Ollie’s Bargain Outlet stock opened at $103.39 on Friday. The firm has a market capitalization of $6.34 billion, a P/E ratio of 30.86, a PEG ratio of 2.21 and a beta of 0.81. Ollie’s Bargain Outlet has a 1 year low of $68.05 and a 1 year high of $120.03. The business has a 50-day moving average of $107.15 and a 200-day moving average of $100.79.

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

Insider Transactions at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 2,400 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction of $246,096.00. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at $4,942,428. This represents a 4.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Thomas Hendrickson sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,939 shares of company stock worth $8,745,031 in the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Ollie’s Bargain Outlet by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company’s stock worth $638,843,000 after purchasing an additional 70,496 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Ollie’s Bargain Outlet by 173.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company’s stock worth $509,671,000 after acquiring an additional 2,948,393 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of Ollie’s Bargain Outlet by 181.6% during the 4th quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company’s stock worth $210,307,000 after acquiring an additional 1,235,994 shares during the last quarter. State Street Corp increased its holdings in shares of Ollie’s Bargain Outlet by 2.1% during the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company’s stock worth $181,866,000 after acquiring an additional 38,203 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Ollie’s Bargain Outlet by 1.1% during the 4th quarter. Invesco Ltd. now owns 1,645,472 shares of the company’s stock worth $180,558,000 after acquiring an additional 17,302 shares during the last quarter.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.