Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a sell rating to a hold rating in a research report report published on Monday morning.

A number of other analysts have also recently weighed in on the stock. Truist Financial raised 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. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an accumulate rating to a buy rating and raised their price target for the company from $105.00 to $107.00 in a report on Monday, August 26th. Bank of America raised their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a buy rating in a report on Monday, September 30th. Loop Capital restated a buy rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. Finally, UBS Group raised their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a neutral rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $104.92.

Ollie’s Bargain Outlet Trading Down 1.5 %

NASDAQ OLLI opened at $94.65 on Monday. The company’s 50-day moving average price is $94.79 and its 200-day moving average price is $88.58. The stock has a market cap of $5.79 billion, a PE ratio of 29.86, a PEG ratio of 2.34 and a beta of 0.84. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The firm had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at $1,050,283.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the transaction, the senior vice president now owns 10,610 shares in the company, valued at $1,050,283.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the transaction, the president now owns 5,615 shares in the company, valued at approximately $563,296.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings in Ollie’s Bargain Outlet by 6.4% in the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after buying an additional 104 shares during the period. GAMMA Investing LLC raised its holdings in Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 179 shares during the period. Vista Investment Partners LLC increased its stake in Ollie’s Bargain Outlet by 1.8% during the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after purchasing an additional 191 shares during the period. Bank of Montreal Can increased its stake in Ollie’s Bargain Outlet by 2.4% during the second quarter. Bank of Montreal Can now owns 8,319 shares of the company’s stock worth $820,000 after purchasing an additional 195 shares during the period. Finally, Bridge City Capital LLC increased its stake in Ollie’s Bargain Outlet by 0.8% during the first quarter. Bridge City Capital LLC now owns 31,301 shares of the company’s stock worth $2,491,000 after purchasing an additional 240 shares during the period.

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.