Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $130.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective upped by Royal Bank of Canada from $120.00 to $130.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts also recently issued reports on OLLI. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price objective for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Wells Fargo & Company lowered shares of Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $100.00 to $95.00 in a report on Tuesday, December 3rd. Piper Sandler lifted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Finally, Truist Financial raised their target price on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has an average rating of “Moderate Buy” and an average price target of $116.58.

Ollie’s Bargain Outlet Trading Up 1.4 %

NASDAQ:OLLI opened at $112.77 on Wednesday. The company has a market capitalization of $6.91 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.81 and a beta of 0.85. The firm has a 50-day moving average price of $96.26 and a two-hundred day moving average price of $95.19. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $115.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same period last year, the company posted $0.51 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 54,318 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $5,275,008. The trade was a 52.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the transaction, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 95,755 shares of company stock worth $10,165,712 in the last ninety days. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 6.4% during the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after acquiring an additional 104 shares in the last quarter. Trust Point Inc. raised its position 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 purchasing an additional 134 shares during the period. FORA Capital LLC boosted its position in shares of Ollie’s Bargain Outlet by 3.2% in the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock worth $467,000 after buying an additional 148 shares during the period. GAMMA Investing LLC grew its stake in shares of Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 179 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Ollie’s Bargain Outlet by 5.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after buying an additional 188 shares during the period.

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.