Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Target Price at $104.92

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $104.92.

A number of equities analysts recently issued reports on OLLI shares. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Loop Capital restated a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. UBS Group raised their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Bank of America boosted their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th.

Ollie’s Bargain Outlet Stock Up 0.3 %

Shares of OLLI stock opened at $100.90 on Wednesday. The stock has a 50-day simple moving average of $94.82 and a 200 day simple moving average of $92.65. The stock has a market capitalization of $6.19 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.35 and a beta of 0.84. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The business had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet will post 3.27 earnings per share for the current year.

Insider Activity

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,032 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. This trade represents a 7.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,912 shares of company stock valued at $2,875,790. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently made changes to their positions in OLLI. Vanguard Group Inc. boosted its stake in Ollie’s Bargain Outlet by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after purchasing an additional 343,903 shares during the period. Acadian Asset Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 78.0% in the first quarter. Acadian Asset Management LLC now owns 1,833 shares of the company’s stock worth $145,000 after acquiring an additional 803 shares during the last quarter. Covestor Ltd increased its position in Ollie’s Bargain Outlet by 55.0% during the first quarter. Covestor Ltd now owns 1,469 shares of the company’s stock worth $117,000 after acquiring an additional 521 shares during the period. Seven Eight Capital LP raised its stake in Ollie’s Bargain Outlet by 178.8% during the 1st quarter. Seven Eight Capital LP now owns 9,592 shares of the company’s stock valued at $763,000 after purchasing an additional 6,151 shares during the last quarter. Finally, Delap Wealth Advisory LLC bought a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at $281,000.

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.