Ollie’s Bargain Outlet (NASDAQ:OLLI) PT Raised to $110.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target boosted by Loop Capital from $100.00 to $110.00 in a research report report published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also issued reports on OLLI. Truist Financial boosted their target price on shares of Ollie’s Bargain Outlet from $86.00 to $102.00 and gave the company a buy rating in a research note on Thursday, June 6th. The Goldman Sachs Group boosted their target price 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. Bank of America boosted their target price on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a buy rating in a research note on Thursday, June 6th. UBS Group boosted their target price on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the company a neutral rating in a research note on Thursday, June 6th. Finally, Morgan Stanley boosted their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an equal weight rating in a research note on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of Moderate Buy and a consensus target price of $101.50.

Ollie’s Bargain Outlet Stock Up 0.0 %

Shares of NASDAQ:OLLI opened at $98.34 on Monday. Ollie’s Bargain Outlet has a fifty-two week low of $57.31 and a fifty-two week high of $100.44. The firm has a 50-day simple moving average of $81.62 and a 200 day simple moving average of $77.04. The company has a market cap of $6.02 billion, a PE ratio of 31.02, a P/E/G ratio of 2.67 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, beating 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 earned $0.49 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, research analysts forecast that Ollie’s Bargain Outlet will post 3.26 EPS for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In related news, Director Thomas Hendrickson sold 4,500 shares of the 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 transaction was disclosed in a document filed 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 business’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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,625,604. The disclosure for this sale can be found here. Insiders sold a total of 49,310 shares of company stock valued at $4,109,613 over the last ninety days. 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 business. Venturi Wealth Management LLC increased its position in Ollie’s Bargain Outlet by 194.3% in the 1st quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock valued at $25,000 after acquiring an additional 204 shares in the last quarter. Operose Advisors LLC acquired a new position in Ollie’s Bargain Outlet during the third quarter worth $26,000. ORG Partners LLC acquired a new position in Ollie’s Bargain Outlet during the first quarter worth $28,000. Blue Bell Private Wealth Management LLC acquired a new position in Ollie’s Bargain Outlet during the first quarter worth $29,000. Finally, YHB Investment Advisors Inc. bought a new position in Ollie’s Bargain Outlet during the first quarter worth $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.