Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Free Report) has earned a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $104.92.
A number of research analysts have recently issued reports on OLLI shares. Loop Capital restated a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Royal Bank of Canada upped their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group lifted their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Craig Hallum upped their target price 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. Finally, Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their target price for the stock from $105.00 to $107.00 in a report on Monday, August 26th.
Check Out Our Latest Analysis on OLLI
Insider Activity at Ollie’s Bargain Outlet
Institutional Trading of Ollie’s Bargain Outlet
Several institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $31,000. Crewe Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth $36,000. ORG Partners LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 1st quarter worth about $28,000. Finally, Versant Capital Management Inc bought a new position in Ollie’s Bargain Outlet during the second quarter valued at about $38,000.
Ollie’s Bargain Outlet Stock Performance
OLLI stock opened at $95.92 on Tuesday. The company has a market capitalization of $5.88 billion, a P/E ratio of 30.26, a PEG ratio of 2.42 and a beta of 0.84. The company has a fifty day moving average price of $95.08 and a 200-day moving average price of $87.52. 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 – Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $561.60 million. During the same period in the previous year, the business earned $0.67 EPS. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current fiscal year.
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.
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