Ollie’s Bargain Outlet (NASDAQ:OLLI) Trading Up 4.2% Following Analyst Upgrade

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) shot up 4.2% during trading on Friday after UBS Group raised their price target on the stock from $97.00 to $99.00. UBS Group currently has a neutral rating on the stock. Ollie’s Bargain Outlet traded as high as $90.69 and last traded at $90.52. 1,519,579 shares were traded during mid-day trading, an increase of 48% from the average session volume of 1,029,547 shares. The stock had previously closed at $86.90.

Several other research analysts have also recently weighed in on OLLI. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price objective for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Truist Financial increased their price target on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Craig Hallum raised their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Wells Fargo & Company boosted 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. Finally, Royal Bank of Canada reduced their target price on shares of Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $102.54.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 11,340 shares of Ollie’s Bargain Outlet stock in a transaction that occurred 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 sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $909,807.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 4,500 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were 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 approximately $551,978.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Mclain sold 11,340 shares of Ollie’s Bargain Outlet stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $909,807.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,367 shares of company stock worth $3,061,165. 0.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter worth about $25,000. Venturi Wealth Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 194.3% during the 1st 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. Opal Wealth Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the 2nd quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC bought a new stake in Ollie’s Bargain Outlet during the 1st quarter worth approximately $29,000. Finally, Crewe Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter valued at approximately $36,000.

Ollie’s Bargain Outlet Price Performance

The firm has a market capitalization of $5.48 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 2.60 and a beta of 0.90. The stock’s 50-day simple moving average is $96.73 and its two-hundred day simple moving average is $84.56.

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

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.