Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $110.00 at Loop Capital

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target raised by Loop Capital from $100.00 to $110.00 in a research note published on Monday, Benzinga reports. Loop Capital currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. upgraded Ollie’s Bargain Outlet from a neutral rating to an overweight rating and set a $105.00 target price for the company in a research note on Monday, June 17th. Bank of America raised their target price on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a buy rating in a research note on Thursday, June 6th. Truist Financial raised their target price on Ollie’s Bargain Outlet from $86.00 to $102.00 and gave the stock a buy rating in a research note on Thursday, June 6th. The Goldman Sachs Group raised their target price on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a buy rating in a research note on Thursday, March 21st. Finally, Royal Bank of Canada raised their target price on Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an outperform rating in a research note on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $101.00.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $97.82 on Monday. The business has a 50-day moving average of $80.02 and a 200 day moving average of $76.56. Ollie’s Bargain Outlet has a fifty-two week low of $57.31 and a fifty-two week high of $100.44. The firm has a market cap of $5.99 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.65 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The company had revenue of $508.82 million during the quarter, compared to analyst estimates of $506.49 million. During the same quarter last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, research analysts predict that Ollie’s Bargain Outlet will post 3.27 earnings per share for the current fiscal year.

Insider Activity

In other news, President Der Valk Eric Van sold 1,438 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $129,420.00. Following the completion of the sale, the president now owns 4,158 shares in the company, valued at approximately $374,220. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, President Der Valk Eric Van sold 1,438 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $129,420.00. Following the transaction, the president now directly owns 4,158 shares of the company’s stock, valued at approximately $374,220. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas Hendrickson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $72.29, for a total value of $361,450.00. Following the transaction, the director now directly owns 5,659 shares in the company, valued at $409,089.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,810 shares of company stock worth $3,670,683. 0.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Ollie’s Bargain Outlet by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after purchasing an additional 343,903 shares during the period. Wasatch Advisors LP increased its stake in Ollie’s Bargain Outlet by 4.1% in the 1st quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after purchasing an additional 156,095 shares during the period. Capital Research Global Investors purchased a new position in Ollie’s Bargain Outlet in the 1st quarter worth approximately $136,978,000. Wellington Management Group LLP increased its stake in Ollie’s Bargain Outlet by 141.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock worth $83,037,000 after purchasing an additional 630,298 shares during the period. Finally, Geneva Capital Management LLC increased its stake in Ollie’s Bargain Outlet by 0.4% in the 4th quarter. Geneva Capital Management LLC now owns 1,037,404 shares of the company’s stock worth $78,729,000 after purchasing an additional 4,523 shares during the period.

Ollie’s Bargain Outlet Company Profile

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.