Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Target Price at $104.92

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been given an average rating of “Moderate Buy” by the twelve analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $104.92.

A number of brokerages have weighed in on OLLI. Piper Sandler reissued an “overweight” rating and issued a $107.00 target price on shares of Ollie’s Bargain Outlet in a research report on Friday, October 4th. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price target for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Loop Capital reaffirmed a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. JPMorgan Chase & Co. reduced 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 research report on Friday, August 30th. Finally, Royal Bank of Canada increased their target price on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd.

Insider Activity

In related news, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. This trade represents a 54.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of the firm’s 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 completion of the sale, the president now owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. This represents a 57.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,880 shares of company stock worth $2,462,470. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP increased its stake in Ollie’s Bargain Outlet by 161.6% in the third quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock worth $7,349,000 after purchasing an additional 46,706 shares during the period. Axxcess Wealth Management LLC purchased a new stake in Ollie’s Bargain Outlet in the first quarter worth $841,000. Capital Research Global Investors purchased a new stake in Ollie’s Bargain Outlet in the first quarter worth $136,978,000. Seven Eight Capital LP increased its stake in Ollie’s Bargain Outlet by 178.8% in the first quarter. Seven Eight Capital LP now owns 9,592 shares of the company’s stock worth $763,000 after purchasing an additional 6,151 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after purchasing an additional 512,928 shares during the period.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $94.61 on Wednesday. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 2.22 and a beta of 0.84. The firm’s 50-day moving average is $94.87 and its 200 day moving average is $92.20. Ollie’s Bargain Outlet has a 1 year low of $68.05 and a 1 year high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same quarter in the previous year, the firm earned $0.67 EPS. Ollie’s Bargain Outlet’s revenue was up 12.4% on a year-over-year basis. On average, equities analysts expect that Ollie’s Bargain Outlet will post 3.27 EPS for the current fiscal year.

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.