Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $107.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective hoisted by Piper Sandler from $100.00 to $107.00 in a research report released on Tuesday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

OLLI has been the topic of several other reports. JPMorgan Chase & Co. upgraded Ollie’s Bargain Outlet from a neutral rating to an overweight rating and set a $105.00 price target on the stock in a research report on Monday, June 17th. Royal Bank of Canada lifted their price target on shares of 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. UBS Group upped their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the stock a neutral rating in a report on Thursday, June 6th. Craig Hallum lifted their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a buy rating in a report on Thursday, June 6th. Finally, Wells Fargo & Company upped their price target on 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. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $101.50.

Ollie’s Bargain Outlet Stock Up 0.0 %

NASDAQ:OLLI opened at $98.34 on Tuesday. Ollie’s Bargain Outlet has a twelve month low of $57.31 and a twelve month high of $100.44. The stock has a market cap of $6.02 billion, a P/E ratio of 31.02, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The firm’s fifty day simple moving average is $81.62 and its 200 day simple moving average is $77.04.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $508.82 million for the quarter, compared to analysts’ expectations of $506.49 million. During the same quarter in the previous year, the company earned $0.49 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 10.8% on a year-over-year basis. On average, analysts expect that Ollie’s Bargain Outlet will post 3.26 EPS for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

In related news, President Der Valk Eric Van sold 1,438 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $129,420.00. Following the transaction, the president now owns 4,158 shares in the company, valued at $374,220. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $97.54, for a total transaction of $438,930.00. Following the completion of the sale, the director now directly owns 5,659 shares of the company’s stock, valued at $551,978.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Der Valk Eric Van sold 1,438 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $129,420.00. Following the transaction, the president now owns 4,158 shares in the company, valued at approximately $374,220. The disclosure for this sale can be found here. Insiders sold 49,310 shares of company stock worth $4,109,613 over the last three months. 0.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently bought and sold shares of OLLI. Venturi Wealth Management LLC increased its position in Ollie’s Bargain Outlet by 194.3% in the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after buying an additional 204 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter valued at approximately $26,000. ORG Partners LLC purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth approximately $28,000. Blue Bell Private Wealth Management LLC bought a new stake in Ollie’s Bargain Outlet during the 1st quarter worth approximately $29,000. Finally, YHB Investment Advisors Inc. purchased a new position in Ollie’s Bargain Outlet during the first quarter valued at approximately $48,000.

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.