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

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $118.62.

Several analysts recently weighed in on OLLI shares. Loop Capital raised their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Saturday, December 28th. JPMorgan Chase & Co. increased their target price on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial lifted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Piper Sandler increased their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th.

Ollie’s Bargain Outlet Trading Up 0.9 %

Ollie’s Bargain Outlet stock opened at $104.45 on Thursday. The firm has a market capitalization of $6.40 billion, a P/E ratio of 31.18, a P/E/G ratio of 2.79 and a beta of 0.82. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $120.03. The stock’s fifty day simple moving average is $103.37 and its 200-day simple moving average is $98.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. Sell-side analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were 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 $191,348.28. This trade represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 90,172 shares of company stock valued at $9,878,158 over the last quarter. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Hedge funds have recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Ollie’s Bargain Outlet by 2.1% in the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company’s stock worth $181,866,000 after acquiring an additional 38,203 shares during the period. Geode Capital Management LLC lifted its position in Ollie’s Bargain Outlet by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after purchasing an additional 9,492 shares during the period. Geneva Capital Management LLC boosted its holdings in Ollie’s Bargain Outlet by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock valued at $102,106,000 after purchasing an additional 13,369 shares in the last quarter. American Century Companies Inc. increased its position in Ollie’s Bargain Outlet by 5.6% during the 2nd quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock worth $76,579,000 after purchasing an additional 41,605 shares during the period. Finally, Fred Alger Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 12.1% during the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after buying an additional 83,063 shares in 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.