Ollie’s Bargain Outlet (NASDAQ:OLLI) PT Lowered to $105.00 at JPMorgan Chase & Co.

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price dropped by analysts at JPMorgan Chase & Co. from $113.00 to $105.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 17.24% from the company’s previous close.

Other research analysts also recently issued reports about the company. Loop Capital increased their target price on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their price objective for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Bank of America boosted their target price on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. 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 report on Friday, July 12th. Finally, Royal Bank of Canada dropped their price target on 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 research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.54.

Ollie’s Bargain Outlet Stock Up 3.1 %

Shares of OLLI stock opened at $89.56 on Friday. The company’s fifty day simple moving average is $96.73 and its two-hundred day simple moving average is $84.60. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $104.98. The stock has a market cap of $5.48 billion, a P/E ratio of 28.25, a PEG ratio of 2.60 and a beta of 0.90.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates 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 period in the previous year, the business earned $0.67 earnings per share. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts anticipate that Ollie’s Bargain Outlet will post 3.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Der Valk Eric Van sold 1,438 shares of the business’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 transaction, the president now owns 4,158 shares in the company, valued at approximately $374,220. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 14,736 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $86.81, for a total value of $1,279,232.16. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,184,242. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Der Valk Eric Van sold 1,438 shares of the firm’s stock in a transaction that occurred 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 transaction, the president now directly owns 4,158 shares in the company, valued at $374,220. The disclosure for this sale can be found here. Insiders sold a total of 34,367 shares of company stock valued at $3,061,165 over the last 90 days. Insiders own 0.87% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

A number of large investors have recently modified their holdings of the company. Sei Investments Co. lifted its stake in Ollie’s Bargain Outlet by 15.3% in the first quarter. Sei Investments Co. now owns 207,554 shares of the company’s stock worth $16,515,000 after acquiring an additional 27,531 shares during the period. Moran Wealth Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $10,686,000. AGF Management Ltd. bought a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $2,835,000. CHURCHILL MANAGEMENT Corp purchased a new position in Ollie’s Bargain Outlet during the first quarter valued at approximately $1,621,000. Finally, Wells Fargo & Company MN raised its stake in Ollie’s Bargain Outlet by 8.2% in the fourth quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock worth $15,233,000 after buying an additional 15,187 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.