Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Average Recommendation of “Moderate Buy” by Analysts

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

Several research analysts have commented on OLLI shares. Piper Sandler reissued an “overweight” rating and set a $107.00 price objective on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. Royal Bank of Canada increased their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America increased their price objective 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. Finally, UBS Group upped their target price on shares of 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.

Insider Buying and Selling

In related news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total value of $1,484,850.00. Following the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the sale, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. This represents a 0.00 % 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 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 directly owns 10,610 shares in the company, valued at $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,880 shares of company stock valued at $2,462,470 in the last ninety days. 0.87% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently added to or reduced their stakes in OLLI. Diversified Trust Co grew its stake in Ollie’s Bargain Outlet by 23.4% in the 1st quarter. Diversified Trust Co now owns 4,488 shares of the company’s stock worth $357,000 after acquiring an additional 852 shares in the last quarter. State of Michigan Retirement System grew its stake in Ollie’s Bargain Outlet by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 15,103 shares of the company’s stock worth $1,202,000 after acquiring an additional 300 shares in the last quarter. Wasatch Advisors LP grew its stake in Ollie’s Bargain Outlet by 4.1% in the 1st quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after acquiring an additional 156,095 shares in the last quarter. Norden Group LLC grew its stake in Ollie’s Bargain Outlet by 2,574.5% in the 1st quarter. Norden Group LLC now owns 133,992 shares of the company’s stock worth $10,662,000 after acquiring an additional 128,982 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Ollie’s Bargain Outlet by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 232,317 shares of the company’s stock worth $18,485,000 after acquiring an additional 4,971 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $90.71 on Friday. The company has a market capitalization of $5.57 billion, a P/E ratio of 27.66, a P/E/G ratio of 2.28 and a beta of 0.84. The company has a fifty day moving average of $95.08 and a 200 day moving average of $89.61. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released 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 business had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The business’s revenue was up 12.4% on a year-over-year basis. Analysts forecast that Ollie’s Bargain Outlet will post 3.28 EPS for the current 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.