Brokerages Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Price Target at $104.42

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) 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.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 10,610 shares in the company, valued at $1,050,283.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet 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. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,632 shares of company stock valued at $2,459,421. 0.87% of the stock is owned by company insiders.

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) 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.