Royal Bank of Canada Reiterates Outperform Rating for Ollie’s Bargain Outlet (NASDAQ:OLLI)

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a research note issued to investors on Monday,Benzinga reports. They currently have a $130.00 target price on the stock. Royal Bank of Canada’s target price points to a potential upside of 9.37% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. UBS Group increased their price objective on shares of 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. Craig Hallum raised their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. upped their target price on shares of 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 raised their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Finally, Loop Capital upped their price objective on Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $118.62.

Ollie’s Bargain Outlet Stock Performance

OLLI stock opened at $118.86 on Monday. The firm has a market cap of $7.28 billion, a PE ratio of 35.48, a PEG ratio of 2.79 and a beta of 0.85. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $120.03. The firm’s 50 day moving average price is $99.32 and its 200-day moving average price is $97.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 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 $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same period in the prior year, the business posted $0.51 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Swygert sold 4,032 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. This represents a 7.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,172 shares of company stock worth $9,878,158 over the last three months. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth $25,000. Crewe Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the second quarter worth about $36,000. GAMMA Investing LLC increased its stake in Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Ollie’s Bargain Outlet in the third quarter valued at $117,000. Finally, LRI Investments LLC increased its holdings in Ollie’s Bargain Outlet by 2,356.1% during the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after acquiring an additional 1,343 shares in the last quarter.

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.