Ollie’s Bargain Outlet (NASDAQ:OLLI) Lifted to Hold at StockNews.com

StockNews.com upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a sell rating to a hold rating in a research note published on Friday.

Several other analysts have also recently commented on OLLI. Loop Capital restated a buy rating and issued a $110.00 target price on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Bank of America lifted their target price on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a buy rating in a report on Thursday, June 6th. Craig Hallum lifted their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a buy rating in a report on Thursday, June 6th. Wells Fargo & Company lifted their target price on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an overweight rating in a report on Thursday, June 6th. Finally, UBS Group lifted 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 report on Friday, August 30th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $104.42.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $97.20 on Friday. The company has a 50-day simple moving average of $95.17 and a 200-day simple moving average of $87.31. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $104.98. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.55 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $561.60 million. During the same period in the prior year, the company earned $0.67 earnings per share. The business’s revenue was up 12.4% compared to the same quarter last year. As a group, research analysts forecast that Ollie’s Bargain Outlet will post 3.28 EPS for the current fiscal year.

Insider Activity

In other news, SVP James J. Comitale sold 2,153 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total value of $224,278.01. Following the completion of the transaction, the senior vice president now owns 2,732 shares in the company, valued at approximately $284,592.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the transaction, the senior vice president now directly owns 2,732 shares in the company, valued at approximately $284,592.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction dated 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. The disclosure for this sale can be found here. Insiders sold 24,632 shares of company stock worth $2,459,421 in the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 6.2% during the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after buying an additional 343,903 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Ollie’s Bargain Outlet by 4.1% during the first quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after buying an additional 156,095 shares in the last quarter. Capital Research Global Investors purchased a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth about $136,978,000. American Century Companies Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 5.6% during the second quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock worth $76,579,000 after buying an additional 41,605 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Ollie’s Bargain Outlet by 953.2% in the second quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after acquiring an additional 512,928 shares during the last quarter.

Ollie’s Bargain Outlet Company Profile

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.