Ollie’s Bargain Outlet (NASDAQ:OLLI) PT Raised to $106.00 at Royal Bank of Canada

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price boosted by Royal Bank of Canada from $100.00 to $106.00 in a research note published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. Bank of America boosted their price target on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a buy rating in a report on Monday, September 30th. Gordon Haskett raised Ollie’s Bargain Outlet from an accumulate rating to a buy rating and boosted their price target for the stock from $105.00 to $107.00 in a report on Monday, August 26th. JPMorgan Chase & Co. lowered their price target on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an overweight rating on the stock in a report on Friday, August 30th. Morgan Stanley upped their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an equal weight rating in a report on Thursday, June 6th. Finally, UBS Group upped their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a neutral rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $104.92.

Ollie’s Bargain Outlet Trading Up 1.5 %

NASDAQ OLLI opened at $97.39 on Wednesday. The stock’s 50 day moving average is $95.10 and its 200 day moving average is $87.82. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $104.98. The stock has a market cap of $5.96 billion, a PE ratio of 30.72, a P/E/G ratio of 2.42 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company had revenue of $578.38 million for the quarter, compared to analysts’ expectations of $561.60 million. During the same period in the previous year, the firm earned $0.67 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year. On average, analysts forecast that Ollie’s Bargain Outlet will post 3.28 EPS for the current fiscal year.

Insider Activity

In other news, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the transaction, the senior vice president now owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, President Der Valk Eric Van sold 7,479 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the transaction, the president now owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total value of $224,278.01. Following the transaction, the senior vice president now directly owns 2,732 shares in the company, valued at approximately $284,592.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,632 shares of company stock valued at $2,459,421. 0.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several hedge funds have recently bought and sold shares of OLLI. Capital Research Global Investors bought a new position in Ollie’s Bargain Outlet in the 1st quarter valued at $136,978,000. D. E. Shaw & Co. Inc. grew its position in Ollie’s Bargain Outlet by 953.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after acquiring an additional 512,928 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Ollie’s Bargain Outlet by 199.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock valued at $54,981,000 after acquiring an additional 372,914 shares during the last quarter. Vanguard Group Inc. grew its position in Ollie’s Bargain Outlet by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after acquiring an additional 343,903 shares during the last quarter. Finally, Wasatch Advisors LP grew its position in Ollie’s Bargain Outlet by 5.2% in the 4th quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock valued at $285,459,000 after acquiring an additional 184,864 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.