Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $104.92 Consensus Target Price from Brokerages

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $104.92.

Several analysts have weighed in on the company. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. cut their target price on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Truist Financial increased 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. Royal Bank of Canada lifted their price objective on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Bank of America raised their price target on 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.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $89.59 on Friday. The company has a market cap of $5.50 billion, a P/E ratio of 27.31, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $104.98. The business has a fifty day moving average of $94.92 and a two-hundred day moving average of $89.96.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year. Sell-side analysts predict that Ollie’s Bargain Outlet will post 3.28 EPS for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the business’s stock in a transaction dated 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 owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the transaction, the chief financial officer now owns 2,021 shares in the company, valued at approximately $191,348.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,880 shares of company stock worth $2,462,470 in the last 90 days. 0.87% of the stock is owned by company insiders.

Institutional Trading of Ollie’s Bargain Outlet

Institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC raised its stake in shares of Ollie’s Bargain Outlet by 6.4% in the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock valued at $170,000 after acquiring an additional 104 shares during the period. Trust Point Inc. raised its position in shares of Ollie’s Bargain Outlet by 1.0% in the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 179 shares during the last quarter. Vista Investment Partners LLC grew its position in shares of Ollie’s Bargain Outlet by 1.8% during the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after buying an additional 191 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Ollie’s Bargain Outlet by 2.4% in the second quarter. Bank of Montreal Can now owns 8,319 shares of the company’s stock worth $820,000 after buying an additional 195 shares during the last quarter.

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.