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

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on 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 brokerages recently issued reports on OLLI. UBS Group lifted their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Bank of America increased their target price on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a report on Monday, September 30th. Piper Sandler restated an “overweight” rating and set a $107.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. JPMorgan Chase & Co. decreased their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, Royal Bank of Canada lifted their target price on shares of 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.

Ollie’s Bargain Outlet Trading Up 4.3 %

OLLI opened at $94.61 on Wednesday. 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 $5.80 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 2.26 and a beta of 0.84. The company’s fifty day moving average price is $94.79 and its two-hundred day moving average price is $92.49.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.67 EPS. As a group, equities analysts forecast that Ollie’s Bargain Outlet will post 3.27 earnings per share for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. This represents a 54.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of the business’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 of the company’s stock, valued at $1,050,283.90. This trade represents a 58.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,880 shares of company stock worth $2,462,470. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds have recently bought and sold shares of OLLI. Royce & Associates LP increased its stake in Ollie’s Bargain Outlet by 161.6% in the third quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock valued at $7,349,000 after acquiring an additional 46,706 shares during the last quarter. Axxcess Wealth Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at $841,000. Capital Research Global Investors bought a new stake in Ollie’s Bargain Outlet in the first quarter worth $136,978,000. Seven Eight Capital LP boosted its holdings in Ollie’s Bargain Outlet by 178.8% during the 1st quarter. Seven Eight Capital LP now owns 9,592 shares of the company’s stock valued at $763,000 after acquiring an additional 6,151 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in Ollie’s Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock valued at $55,637,000 after buying an additional 512,928 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.