Loop Capital Forecasts Strong Price Appreciation for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective boosted by equities research analysts at Loop Capital from $120.00 to $130.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s price objective would suggest a potential upside of 9.37% from the company’s current price.

Several other brokerages have also weighed in on OLLI. Craig Hallum upped their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company upped their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, 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 research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.62.

Ollie’s Bargain Outlet Trading Up 1.1 %

NASDAQ OLLI opened at $118.86 on Monday. The business’s 50 day moving average is $99.32 and its two-hundred day moving average is $97.02. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 35.48, a PEG ratio of 2.79 and a beta of 0.85. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. Equities analysts forecast that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In related news, CEO John W. Swygert sold 4,032 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the sale, the senior vice president now directly owns 3,140 shares in the company, valued at approximately $357,803. The trade was a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,172 shares of company stock valued at $9,878,158. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds have recently made changes to their positions in the stock. Bailard Inc. acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at $520,000. Whittier Trust Co. grew its holdings in shares of Ollie’s Bargain Outlet by 5.1% during the 2nd quarter. Whittier Trust Co. now owns 146,823 shares of the company’s stock worth $14,413,000 after purchasing an additional 7,191 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in Ollie’s Bargain Outlet by 3.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 75,160 shares of the company’s stock worth $7,378,000 after purchasing an additional 2,815 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Ollie’s Bargain Outlet by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,326 shares of the company’s stock valued at $1,112,000 after buying an additional 1,124 shares during the period. Finally, F M Investments LLC acquired a new position in Ollie’s Bargain Outlet during the second quarter valued at approximately $13,852,000.

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.