Ollie’s Bargain Outlet (NASDAQ:OLLI) Receives Overweight Rating from Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a research report sent to investors on Friday morning, Benzinga reports. Piper Sandler currently has a $107.00 price target on the stock.

A number of other research analysts have also recently issued reports on OLLI. Royal Bank of Canada decreased their price objective on shares of Ollie’s Bargain Outlet from $101.00 to $100.00 and set an outperform rating on the stock in a research note on Friday. Truist Financial lifted their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a buy rating in a research note on Friday, July 12th. Wells Fargo & Company lifted their price objective 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. JPMorgan Chase & Co. raised shares of Ollie’s Bargain Outlet from a neutral rating to an overweight rating and set a $105.00 price objective on the stock in a research note on Monday, June 17th. Finally, Gordon Haskett raised shares of Ollie’s Bargain Outlet from an accumulate rating to a buy rating and lifted their price objective for the company from $105.00 to $107.00 in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $102.54.

Ollie’s Bargain Outlet Trading Up 3.1 %

Shares of OLLI opened at $89.56 on Friday. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $104.98. The firm’s 50 day moving average is $96.73 and its 200-day moving average is $84.56. The stock has a market capitalization of $5.48 billion, a PE ratio of 28.25, a P/E/G ratio of 2.60 and a beta of 0.90.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The company had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. During the same period last year, the firm earned $0.67 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts predict that Ollie’s Bargain Outlet will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 11,340 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $85.75, for a total value of $972,405.00. Following the sale, the senior vice president now owns 10,610 shares in the company, valued at $909,807.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the transaction, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Kevin Mclain sold 11,340 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $85.75, for a total transaction of $972,405.00. Following the transaction, the senior vice president now owns 10,610 shares in the company, valued at approximately $909,807.50. The disclosure for this sale can be found here. Insiders have sold 34,367 shares of company stock worth $3,061,165 over the last quarter. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds have recently modified their holdings of the business. Wallace Advisory Group LLC bought a new position in Ollie’s Bargain Outlet during the second quarter worth $303,000. Algert Global LLC increased its stake in Ollie’s Bargain Outlet by 12.9% in the second quarter. Algert Global LLC now owns 6,180 shares of the company’s stock valued at $607,000 after purchasing an additional 708 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Ollie’s Bargain Outlet in the second quarter valued at $560,000. Scientech Research LLC bought a new stake in Ollie’s Bargain Outlet in the second quarter valued at $1,318,000. Finally, D. E. Shaw & Co. Inc. increased its stake in Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after purchasing an additional 512,928 shares in 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.