Ollie’s Bargain Outlet (NASDAQ:OLLI) Given New $107.00 Price Target at Piper Sandler

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price boosted by Piper Sandler from $100.00 to $107.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company raised their target price on shares of 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. Truist Financial increased their target price on shares of Ollie’s Bargain Outlet from $86.00 to $102.00 and gave the stock a buy rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. upgraded shares of Ollie’s Bargain Outlet from a neutral rating to an overweight rating and set a $105.00 price objective for the company in a research report on Monday, June 17th. Craig Hallum lifted their price target on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a buy rating in a research report on Thursday, June 6th. Finally, UBS Group lifted their price target on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the stock a neutral rating in a research report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $101.50.

Ollie’s Bargain Outlet Price Performance

OLLI stock opened at $98.41 on Tuesday. Ollie’s Bargain Outlet has a 12 month low of $57.31 and a 12 month high of $100.44. The firm has a market cap of $6.02 billion, a PE ratio of 31.04, a P/E/G ratio of 2.67 and a beta of 0.82. The firm has a 50 day simple moving average of $80.55 and a 200 day simple moving average of $76.74.

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

Insider Activity

In related news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,625,604. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Thomas Hendrickson sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the completion of the transaction, the director now owns 5,659 shares of the company’s stock, valued at $409,089.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.22, for a total value of $884,286.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,625,604. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,310 shares of company stock valued at $4,109,613. 0.87% of the stock is owned by company insiders.

Institutional Trading of Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moran Wealth Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $10,686,000. AGF Management Ltd. purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $2,835,000. Louisiana State Employees Retirement System purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $1,313,000. CHURCHILL MANAGEMENT Corp purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth about $1,621,000. Finally, Envestnet Asset Management Inc. increased its holdings in Ollie’s Bargain Outlet by 38.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 145,618 shares of the company’s stock worth $11,239,000 after acquiring an additional 40,819 shares during the last quarter.

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.