Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $104.92 Consensus PT from Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $104.92.

A number of brokerages have recently weighed in on OLLI. Bank of America lifted their price objective on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, September 30th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. reduced their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, August 30th. Royal Bank of Canada raised their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, UBS Group upped their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the sale, the chief financial officer now owns 2,021 shares in the company, valued at approximately $191,348.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, 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 directly owns 5,615 shares in the company, valued at $563,296.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now owns 2,021 shares in the company, valued at $191,348.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,880 shares of company stock worth $2,462,470. 0.87% of the stock is owned by insiders.

Institutional Trading of Ollie’s Bargain Outlet

A number of institutional investors have recently bought and sold shares of OLLI. Capital Research Global Investors acquired a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $136,978,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 953.2% in the 2nd 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 during the last quarter. Los Angeles Capital Management LLC boosted its holdings in Ollie’s Bargain Outlet by 199.3% in the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after purchasing an additional 372,914 shares in the last quarter. Vanguard Group Inc. increased its position in Ollie’s Bargain Outlet by 6.2% during the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after buying an additional 343,903 shares during the last quarter. Finally, Wasatch Advisors LP raised its holdings in Ollie’s Bargain Outlet by 4.1% during the first quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock valued at $311,721,000 after buying an additional 156,095 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $90.90 on Friday. The firm has a fifty day moving average of $94.79 and a 200 day moving average of $90.09. The firm has a market cap of $5.58 billion, a PE ratio of 27.71, a PEG ratio of 2.25 and a beta of 0.84. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same period in the previous year, the business posted $0.67 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 12.4% on a year-over-year basis. On average, equities analysts predict that Ollie’s Bargain Outlet will post 3.28 EPS 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.