Brokerages Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) PT at $100.09

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $101.50.

A number of equities research analysts have commented on the company. Loop Capital increased their price target on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday. Craig Hallum increased their price target on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Wells Fargo & Company increased their price target on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Morgan Stanley increased their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. Finally, The Goldman Sachs Group increased their price objective on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, March 21st.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $98.41 on Friday. The stock has a market capitalization of $6.02 billion, a P/E ratio of 31.04, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. Ollie’s Bargain Outlet has a 1-year low of $57.31 and a 1-year high of $100.44. The business has a fifty day moving average price of $80.55 and a 200 day moving average price of $76.74.

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

Insider Activity

In related news, Director Thomas Hendrickson sold 4,500 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the transaction, the director now owns 5,659 shares in the company, valued at $551,978.86. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 1,438 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $374,220. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas Hendrickson sold 4,500 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $97.54, for a total value of $438,930.00. Following the sale, the director now directly owns 5,659 shares of the company’s stock, valued at approximately $551,978.86. The disclosure for this sale can be found here. Insiders have sold a total of 49,310 shares of company stock worth $4,109,613 over the last quarter. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Ollie’s Bargain Outlet

Several hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth about $228,000. Atria Investments Inc lifted its stake in Ollie’s Bargain Outlet by 2.7% during the first quarter. Atria Investments Inc now owns 21,092 shares of the company’s stock worth $1,678,000 after purchasing an additional 558 shares during the last quarter. Vista Investment Partners LLC lifted its stake in Ollie’s Bargain Outlet by 1.8% during the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after purchasing an additional 191 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Ollie’s Bargain Outlet by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 149,033 shares of the company’s stock worth $11,860,000 after purchasing an additional 7,714 shares during the last quarter. Finally, Capital Research Global Investors purchased a new stake in Ollie’s Bargain Outlet during the first quarter worth approximately $136,978,000.

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.