Ollie’s Bargain Outlet (NASDAQ:OLLI) Cut to “Sell” at StockNews.com

Ollie’s Bargain Outlet (NASDAQ:OLLI) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Several other equities research analysts have also recently commented on OLLI. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Truist Financial boosted their target price on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Royal Bank of Canada raised their target price on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. UBS Group upped their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Loop Capital reissued a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.92.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $90.79 on Tuesday. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $104.98. The stock has a market capitalization of $5.57 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.35 and a beta of 0.84. The firm has a 50 day simple moving average of $95.26 and a 200-day simple moving average of $89.48.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same period last year, the company posted $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 will post 3.28 earnings per share for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In related news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Der Valk Eric Van sold 7,479 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the transaction, the president now directly owns 5,615 shares in the company, valued at $563,296.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kevin Mclain sold 15,000 shares of the company’s 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 completion of the transaction, the senior vice president now directly owns 10,610 shares in the company, valued at $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,880 shares of company stock valued at $2,462,470 over the last quarter. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dumont & Blake Investment Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at about $604,000. International Assets Investment Management LLC raised its position in Ollie’s Bargain Outlet by 7,676.0% during the third quarter. International Assets Investment Management LLC now owns 19,440 shares of the company’s stock valued at $1,890,000 after acquiring an additional 19,190 shares in the last quarter. Trust Point Inc. lifted its stake in Ollie’s Bargain Outlet by 1.0% in the third quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after acquiring an additional 134 shares during the last quarter. Inspire Investing LLC grew its position in Ollie’s Bargain Outlet by 18.8% in the third quarter. Inspire Investing LLC now owns 4,241 shares of the company’s stock worth $412,000 after acquiring an additional 672 shares in the last quarter. Finally, City Center Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth $309,000.

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.