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

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $104.42.

Several brokerages recently issued reports on OLLI. UBS Group lifted their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Wells Fargo & Company increased their price objective on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Loop Capital reiterated a “buy” rating and set a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Truist Financial upped their target price on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, August 30th.

Insider Buying and Selling

In related news, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the transaction, the president now owns 5,615 shares of the company’s stock, valued at $563,296.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet 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 transaction, the president now owns 5,615 shares in the company, valued at $563,296.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the sale, the senior vice president now owns 2,732 shares of the company’s stock, valued at $284,592.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,632 shares of company stock valued at $2,459,421. Insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the second quarter worth $25,000. ORG Partners LLC acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at $28,000. Opal Wealth Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the second quarter valued at about $31,000. Crewe Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet during the second quarter worth about $36,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Ollie’s Bargain Outlet in the second quarter worth about $38,000.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $97.20 on Tuesday. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $104.98. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.55 and a beta of 0.84. The business’s fifty day moving average is $95.17 and its two-hundred day moving average is $87.31.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. The firm had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 EPS. On average, analysts predict that Ollie’s Bargain Outlet will post 3.28 EPS for the current fiscal year.

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.