Ollie’s Bargain Outlet (NASDAQ:OLLI) Receives “Buy” Rating from Loop Capital

Loop Capital reaffirmed their buy rating on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a research report released on Friday morning, Benzinga reports. Loop Capital currently has a $110.00 price objective on the stock.

Several other equities research analysts have also weighed in on the company. Craig Hallum lifted their price target on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a buy rating in a research report on Thursday, June 6th. Morgan Stanley upped their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an equal weight rating in a research report on Thursday, June 6th. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the company a buy rating in a research report on Friday, July 12th. Wells Fargo & Company upped their price objective on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an overweight rating in a report on Thursday, June 6th. Finally, Royal Bank of Canada lowered their target price on shares of Ollie’s Bargain Outlet from $101.00 to $100.00 and set an outperform rating for the company in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $103.33.

Ollie’s Bargain Outlet Stock Up 1.2 %

Shares of Ollie’s Bargain Outlet stock opened at $98.99 on Friday. The company has a market cap of $6.07 billion, a PE ratio of 31.23, a P/E/G ratio of 2.48 and a beta of 0.84. The business has a 50 day moving average of $95.41 and a 200 day moving average of $86.11. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $104.98.

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

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the completion of the transaction, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction of $224,278.01. Following the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at $284,592.44. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its holdings in shares of Ollie’s Bargain Outlet by 15.3% during the 1st quarter. Sei Investments Co. now owns 207,554 shares of the company’s stock valued at $16,515,000 after buying an additional 27,531 shares during the period. CHURCHILL MANAGEMENT Corp bought a new position in Ollie’s Bargain Outlet in the first quarter valued at about $1,621,000. Wells Fargo & Company MN boosted its position in Ollie’s Bargain Outlet by 8.2% in the fourth quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock worth $15,233,000 after purchasing an additional 15,187 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at about $841,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at about $529,000.

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.