Ollie’s Bargain Outlet (NASDAQ:OLLI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a sell rating to a hold rating in a research note released on Thursday.

A number of other brokerages also recently issued reports on OLLI. JPMorgan Chase & Co. upped their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their target price for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their price objective for the company from $64.00 to $133.00 in a research note on Wednesday. Finally, UBS Group lifted their target price 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. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.85.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of OLLI opened at $117.91 on Thursday. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.79 and a beta of 0.85. The firm’s fifty day simple moving average is $98.38 and its 200-day simple moving average is $96.49. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million for 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 quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. On average, analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the business’s stock in a transaction 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 sale, the president now directly owns 5,615 shares in the company, valued at approximately $563,296.80. The trade was a 57.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the transaction, the senior vice president now owns 1,905 shares of the company’s stock, valued at $220,179.90. This represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,651 shares of company stock worth $10,628,452. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OLLI. International Assets Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC raised its holdings in Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 179 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Ollie’s Bargain Outlet during the third quarter worth $117,000. Finally, LRI Investments LLC grew its holdings in Ollie’s Bargain Outlet by 2,356.1% in the third quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after purchasing an additional 1,343 shares during the last quarter.

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.