Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) PT at $123.08

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $123.08.

A number of equities research analysts have recently issued reports on OLLI shares. JPMorgan Chase & Co. boosted their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Wells Fargo & Company upped 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. Bank of America increased their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Citigroup raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, Piper Sandler lowered their price target on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,145 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the transaction, the chief financial officer now owns 3,888 shares of the company’s stock, valued at approximately $421,848. The trade was a 35.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John W. Swygert sold 6,526 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $107.87, for a total value of $703,959.62. Following the completion of the sale, the chairman now directly owns 53,432 shares in the company, valued at $5,763,709.84. This trade represents a 10.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,153 shares of company stock worth $2,200,844 over the last three months. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently added to or reduced their stakes in OLLI. Corient Private Wealth LLC increased its holdings in shares of Ollie’s Bargain Outlet by 86.2% during the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company’s stock worth $926,000 after buying an additional 3,906 shares in the last quarter. Oak Thistle LLC bought a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $1,345,000. JPMorgan Chase & Co. increased its holdings in Ollie’s Bargain Outlet by 79.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 189,301 shares of the company’s stock worth $18,400,000 after purchasing an additional 83,882 shares in the last quarter. Van ECK Associates Corp raised its position in Ollie’s Bargain Outlet by 36.5% in the fourth quarter. Van ECK Associates Corp now owns 46,659 shares of the company’s stock valued at $5,120,000 after purchasing an additional 12,476 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock worth $73,256,000 after purchasing an additional 5,438 shares during the last quarter.

Ollie’s Bargain Outlet Trading Up 2.8 %

OLLI stock opened at $116.36 on Tuesday. The business’s 50 day simple moving average is $106.15 and its 200 day simple moving average is $102.48. Ollie’s Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $120.03. The firm has a market capitalization of $7.13 billion, a PE ratio of 34.73, a PEG ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 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 $667.10 million for the quarter, compared to analyst estimates of $674.61 million. During the same quarter in the prior year, the business posted $1.23 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company Profile

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.