Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $123.08.

A number of research analysts have recently commented on the company. Bank of America raised their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Loop Capital increased their price objective on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price target for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company upped their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $108.22 on Tuesday. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $120.03. The stock has a fifty day moving average price of $105.30 and a 200 day moving average price of $101.85. The company has a market cap of $6.63 billion, a P/E ratio of 32.30, a PEG ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. During the same period last year, the company earned $1.23 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, research analysts anticipate that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Institutional Trading of Ollie’s Bargain Outlet

Several large investors have recently made changes to their positions in the stock. Legacy Capital Wealth Partners LLC lifted its holdings in Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock worth $311,000 after purchasing an additional 94 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 3.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock worth $320,000 after buying an additional 97 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after buying an additional 101 shares during the period. UMB Bank n.a. boosted its holdings in shares of Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after buying an additional 110 shares during the period. Finally, Precision Wealth Strategies LLC grew its stake in Ollie’s Bargain Outlet by 3.2% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock valued at $427,000 after buying an additional 119 shares during 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.