Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price Expected to Rise, Loop Capital Analyst Says

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective upped by analysts at Loop Capital from $110.00 to $120.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s target price would suggest a potential upside of 7.92% from the company’s current price.

Several other equities research analysts have also commented on OLLI. UBS Group upped 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 research report on Friday, August 30th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lowered shares of Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $100.00 to $95.00 in a report on Tuesday, December 3rd. Craig Hallum increased their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.58.

Ollie’s Bargain Outlet Stock Down 2.0 %

NASDAQ OLLI opened at $111.19 on Wednesday. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $115.98. The firm has a market capitalization of $6.82 billion, a P/E ratio of 33.19, a PEG ratio of 2.53 and a beta of 0.85. The company has a 50-day moving average price of $95.95 and a 200-day moving average price of $94.95.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. During the same quarter in the prior year, the firm earned $0.51 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet will post 3.27 EPS for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares in the company, valued at $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of the 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 completion of the sale, the president now owns 5,615 shares in the company, valued at approximately $563,296.80. The trade was a 57.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 95,755 shares of company stock worth $10,165,712 over the last three months. 0.87% of the stock is owned by insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently made changes to their positions in OLLI. Cetera Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the first quarter valued at about $228,000. Diversified Trust Co lifted its holdings in shares of Ollie’s Bargain Outlet by 30.1% during the second quarter. Diversified Trust Co now owns 5,838 shares of the company’s stock worth $573,000 after purchasing an additional 1,350 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at approximately $362,000. Envestnet Portfolio Solutions Inc. lifted its holdings in Ollie’s Bargain Outlet by 31.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,208 shares of the company’s stock valued at $511,000 after acquiring an additional 1,254 shares during the period. Finally, Portside Wealth Group LLC lifted its holdings in Ollie’s Bargain Outlet by 41.3% in the second quarter. Portside Wealth Group LLC now owns 12,299 shares of the company’s stock valued at $1,207,000 after acquiring an additional 3,596 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.