Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $104.92.

OLLI has been the topic of several research reports. Truist Financial raised their price target on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Bank of America upped their price target on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. JPMorgan Chase & Co. cut their price objective on shares of 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. Royal Bank of Canada upped their target price on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their price target for the company from $105.00 to $107.00 in a report on Monday, August 26th.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $92.98 on Friday. The stock’s 50 day simple moving average is $94.51 and its two-hundred day simple moving average is $90.11. Ollie’s Bargain Outlet has a 1 year low of $68.05 and a 1 year high of $104.98. The company has a market cap of $5.70 billion, a PE ratio of 28.29, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (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 firm had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same period last year, the company earned $0.67 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts expect that Ollie’s Bargain Outlet will post 3.28 EPS for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In related news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,880 shares of company stock worth $2,462,470. Insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Research Global Investors purchased a new stake in Ollie’s Bargain Outlet in the first quarter valued at $136,978,000. D. E. Shaw & Co. Inc. raised its position in shares of Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after acquiring an additional 512,928 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Ollie’s Bargain Outlet by 199.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock worth $54,981,000 after acquiring an additional 372,914 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 343,903 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in Ollie’s Bargain Outlet by 4.1% in the 1st quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after purchasing an additional 156,095 shares during the period.

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.