Ollie’s Bargain Outlet’s (OLLI) Buy Rating Reaffirmed at Truist Financial

Truist Financial restated their buy rating on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a research note released on Monday, Benzinga reports. They currently have a $102.00 price target on the stock.

Other analysts also recently issued reports about the company. UBS Group upped their price objective on Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the company a neutral rating in a research note on Thursday, June 6th. Craig Hallum upped their price objective 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. Morgan Stanley upped their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an equal weight rating in a research note on Thursday, June 6th. Bank of America upped their price objective on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a buy rating in a research note on Thursday, June 6th. Finally, Loop Capital upped their price objective on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a buy rating in a research note on Monday, June 24th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of Moderate Buy and an average price target of $101.50.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $98.38 on Monday. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 31.03, a price-to-earnings-growth ratio of 2.67 and a beta of 0.90. The business has a 50-day moving average of $82.61 and a two-hundred day moving average of $77.45. Ollie’s Bargain Outlet has a 1 year low of $57.96 and a 1 year high of $100.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $508.82 million for the quarter, compared to analysts’ expectations of $506.49 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. As a group, equities research analysts expect that Ollie’s Bargain Outlet will post 3.26 earnings per share for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other news, CEO John W. Swygert sold 14,736 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $86.81, for a total transaction of $1,279,232.16. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at $4,184,242. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ollie’s Bargain Outlet 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 value of $129,420.00. Following the transaction, the president now directly owns 4,158 shares of the company’s stock, valued at $374,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John W. Swygert sold 14,736 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $86.81, for a total value of $1,279,232.16. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,184,242. The disclosure for this sale can be found here. Insiders have sold 37,384 shares of company stock worth $3,211,937 over the last quarter. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of OLLI. Venturi Wealth Management LLC boosted its stake in Ollie’s Bargain Outlet by 194.3% in the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares during the period. ORG Partners LLC acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at approximately $28,000. Blue Bell Private Wealth Management LLC acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at approximately $29,000. YHB Investment Advisors Inc. acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at approximately $48,000. Finally, Partnership Wealth Management LLC acquired a new position in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $68,000.

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.