Ollie’s Bargain Outlet (NASDAQ:OLLI) Lifted to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a neutral rating to an overweight rating in a research note published on Monday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $105.00 price objective on the stock.

OLLI has been the subject of a number of other reports. Royal Bank of Canada boosted their price objective on Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the company an outperform rating in a research report on Thursday, June 6th. Craig Hallum boosted their price target on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a buy rating in a report on Thursday, June 6th. Bank of America increased their price objective on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a buy rating in a report on Thursday, June 6th. Wells Fargo & Company boosted their target price on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an overweight rating in a research note on Thursday, June 6th. Finally, The Goldman Sachs Group raised their price target on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a buy rating in a research note on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of Moderate Buy and an average target price of $100.09.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $97.73 on Monday. The company has a market capitalization of $5.98 billion, a PE ratio of 30.83, a price-to-earnings-growth ratio of 2.62 and a beta of 0.82. The company’s fifty day moving average price is $78.98 and its 200 day moving average price is $76.23. Ollie’s Bargain Outlet has a 1 year low of $57.31 and a 1 year high of $100.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The business had revenue of $508.82 million during the quarter, compared to the consensus estimate of $506.49 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. On average, equities analysts expect that Ollie’s Bargain Outlet will post 3.31 EPS for the current year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 5,000 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total transaction of $361,450.00. Following the transaction, the director now owns 5,659 shares of the company’s stock, valued at $409,089.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total transaction of $361,450.00. Following the transaction, the director now owns 5,659 shares in the company, valued at approximately $409,089.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,317 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $78.14, for a total transaction of $181,050.38. Following the completion of the sale, the chief financial officer now directly owns 1,777 shares of the company’s stock, valued at approximately $138,854.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,055 shares of company stock valued at $4,083,045. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC purchased a new position in Ollie’s Bargain Outlet in the first quarter worth approximately $228,000. Atria Investments Inc grew its holdings in shares of Ollie’s Bargain Outlet by 2.7% during the 1st quarter. Atria Investments Inc now owns 21,092 shares of the company’s stock worth $1,678,000 after purchasing an additional 558 shares during the period. Vista Investment Partners LLC increased its position in shares of Ollie’s Bargain Outlet by 1.8% during the 1st quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after purchasing an additional 191 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Ollie’s Bargain Outlet by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 149,033 shares of the company’s stock valued at $11,860,000 after buying an additional 7,714 shares during the period. Finally, Capital Research Global Investors acquired a new position in Ollie’s Bargain Outlet in the first quarter valued at about $136,978,000.

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.