Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $123.08 Average Price Target from Analysts

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $123.08.

A number of equities analysts recently commented on the stock. Piper Sandler lowered their price target on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. UBS Group raised their target price on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Morgan Stanley raised their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their target price for the company from $125.00 to $111.00 in a report on Tuesday, February 4th.

Ollie’s Bargain Outlet Stock Performance

NASDAQ:OLLI opened at $118.86 on Wednesday. Ollie’s Bargain Outlet has a 52 week low of $72.22 and a 52 week high of $120.03. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 2.21 and a beta of 0.45. The firm’s 50-day simple moving average is $109.61 and its 200 day simple moving average is $106.28.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. During the same period in the prior year, the business posted $1.23 earnings per share. Ollie’s Bargain Outlet’s revenue was up 2.8% compared to the same quarter last year. Sell-side analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 312 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $107.17, for a total transaction of $33,437.04. Following the completion of the transaction, the chief financial officer now owns 3,273 shares in the company, valued at approximately $350,767.41. This trade represents a 8.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Fisch sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the transaction, the director now owns 22,159 shares of the company’s stock, valued at approximately $2,394,944.72. The trade was a 22.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,897 shares of company stock worth $4,227,970. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OLLI. Barclays PLC raised its holdings in Ollie’s Bargain Outlet by 59.2% during the 3rd quarter. Barclays PLC now owns 41,307 shares of the company’s stock worth $4,014,000 after purchasing an additional 15,357 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ollie’s Bargain Outlet by 76.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,984 shares of the company’s stock valued at $766,000 after acquiring an additional 3,018 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $79,000. Wedmont Private Capital bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $212,000. Finally, Oak Thistle LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $1,345,000.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.