Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded by StockNews.com to Hold Rating

Ollie’s Bargain Outlet (NASDAQ:OLLI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other analysts also recently weighed in on OLLI. Wells Fargo & Company upped their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Craig Hallum raised their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their price target for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Royal Bank of Canada reissued an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. Finally, Loop Capital raised their price objective 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. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has a consensus rating of “Moderate Buy” and an average target price of $118.62.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $111.27 on Thursday. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $120.03. The stock’s fifty day moving average is $105.38 and its 200 day moving average is $98.94. The stock has a market capitalization of $6.82 billion, a P/E ratio of 33.22, a PEG ratio of 2.64 and a beta of 0.82.

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

Insiders Place Their Bets

In other news, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the transaction, the senior vice president now owns 3,140 shares in the company, valued at approximately $357,803. This represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,771 shares of company stock worth $9,650,832. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OLLI. Blue Trust Inc. increased its position in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Ollie’s Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after acquiring an additional 110 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares during the last quarter. Park Place Capital Corp bought a new position in shares of Ollie’s Bargain Outlet during the fourth quarter valued at about $77,000. Finally, Eagle Bay Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the fourth quarter worth about $79,000.

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.