Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Lowered to $124.00 at Piper Sandler

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price trimmed by Piper Sandler from $126.00 to $124.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

OLLI has been the subject of a number of other research reports. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Royal Bank of Canada raised their price target on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. UBS Group raised their price target on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Bank of America raised their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus price target of $121.71.

Ollie’s Bargain Outlet Trading Down 2.5 %

OLLI stock opened at $105.22 on Thursday. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a 50-day moving average of $105.15 and a two-hundred day moving average of $101.40.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 EPS. As a group, equities analysts forecast that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

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 the business. Legacy Capital Wealth Partners LLC boosted its position in Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after buying an additional 94 shares during the period. Coldstream Capital Management Inc. boosted its position in Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock valued at $320,000 after buying an additional 97 shares during the period. Blue Trust Inc. boosted its position in Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 101 shares during the period. UMB Bank n.a. boosted its position in Ollie’s Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after buying an additional 110 shares during the period. Finally, Precision Wealth Strategies LLC boosted its position in Ollie’s Bargain Outlet by 3.2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock valued at $427,000 after buying an additional 119 shares during the period.

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.