Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded at Citigroup

Citigroup upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a sell rating to a buy rating in a research report released on Wednesday, MarketBeat Ratings reports. They currently have $133.00 price target on the stock, up from their previous price target of $64.00.

Several other equities analysts have also issued reports on the stock. UBS Group boosted their target price 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. Royal Bank of Canada boosted their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. raised their target price on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Wells Fargo & Company lifted their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Finally, Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their price target for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $117.85.

Ollie’s Bargain Outlet Stock Up 0.2 %

Shares of NASDAQ:OLLI opened at $117.91 on Wednesday. The business has a fifty day simple moving average of $97.94 and a 200 day simple moving average of $96.15. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $120.03. The firm has a market cap of $7.23 billion, a P/E ratio of 35.20, a P/E/G ratio of 2.79 and a beta of 0.85.

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

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $115.58, for a total value of $1,230,464.68. Following the transaction, the senior vice president now owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. In the last three months, insiders sold 97,651 shares of company stock valued at $10,628,452. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OLLI. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $362,000. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of 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 worth $511,000 after acquiring an additional 1,254 shares during the period. Fifth Third Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at $189,000. Tributary Capital Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 280,681 shares of the company’s stock valued at $27,554,000 after purchasing an additional 702 shares during the period. Finally, Bailard Inc. purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth about $520,000.

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.