UBS Group Boosts Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $123.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective upped by equities researchers at UBS Group from $117.00 to $123.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 15.08% from the company’s previous close.

A number of other equities analysts have also commented on the company. Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price objective for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their price objective on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Bank of America lifted their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $106.88 on Thursday. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The stock’s 50-day moving average is $105.16 and its two-hundred day moving average is $101.52. The firm has a market cap of $6.55 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same quarter last year, the business earned $1.23 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently added to or reduced their stakes in the stock. Legacy Capital Wealth Partners LLC boosted its holdings in Ollie’s Bargain Outlet by 3.4% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after purchasing an additional 94 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in Ollie’s Bargain Outlet by 3.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock valued at $320,000 after purchasing an additional 97 shares in the last quarter. Blue Trust Inc. boosted its holdings in Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. UMB Bank n.a. boosted its holdings in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after purchasing an additional 110 shares in the last quarter. Finally, Precision Wealth Strategies LLC boosted its holdings in Ollie’s Bargain Outlet by 3.2% during the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock valued at $427,000 after purchasing an additional 119 shares in the last quarter.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.