Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Price Target at $118.62

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $118.62.

A number of research firms recently weighed in on OLLI. StockNews.com upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Saturday, December 28th. Truist Financial lifted their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Piper Sandler upped their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company 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 lifted their price objective for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, Craig Hallum boosted their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $106.36 on Thursday. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a market capitalization of $6.52 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The business’s fifty day moving average price is $103.89 and its 200 day moving average price is $98.54.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. As a group, equities analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. The trade was a 54.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Swygert sold 4,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $102.60, for a total value of $492,480.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,945,320. This represents a 9.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,172 shares of company stock valued at $9,878,158 over the last three months. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Large investors have recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Ollie’s Bargain Outlet by 2.1% in the third quarter. State Street Corp now owns 1,871,047 shares of the company’s stock valued at $181,866,000 after acquiring an additional 38,203 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Ollie’s Bargain Outlet by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after purchasing an additional 9,492 shares during the period. Geneva Capital Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock worth $102,106,000 after buying an additional 13,369 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 5.6% in the second quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock valued at $76,579,000 after buying an additional 41,605 shares during the period. Finally, Fred Alger Management LLC boosted its stake in Ollie’s Bargain Outlet by 12.1% during the third quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock valued at $75,052,000 after buying an additional 83,063 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.