OLLI has been the subject of several other reports. Credit Suisse Group set a €19.00 ($22.09) price target on shares of K&S and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Morgan Stanley increased their price target on shares of from GBX 1,430 ($18.69) to GBX 1,560 ($20.38) and gave the stock an “equal weight” rating in a report on Tuesday, June 11th. Zacks Investment Research raised shares of Investar from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, June 4th. Finally, Dougherty & Co began coverage on shares of Ollie’s Bargain Outlet in a report on Thursday, May 23rd. They set a “buy” rating and a $115.00 price target for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $95.23.
Shares of NASDAQ:OLLI opened at $88.15 on Friday. The company has a 50-day simple moving average of $92.13. Ollie’s Bargain Outlet has a one year low of $59.72 and a one year high of $103.03. The company has a quick ratio of 0.31, a current ratio of 1.86 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $5.60 billion, a PE ratio of 46.64, a price-to-earnings-growth ratio of 1.85 and a beta of 0.73.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, June 6th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Ollie’s Bargain Outlet had a net margin of 11.10% and a return on equity of 13.49%. The business had revenue of $324.90 million during the quarter, compared to analysts’ expectations of $319.24 million. During the same period in the prior year, the company earned $0.41 earnings per share. The business’s revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts forecast that Ollie’s Bargain Outlet will post 2.16 earnings per share for the current fiscal year.
In other Ollie’s Bargain Outlet news, CFO Jay Stasz sold 12,500 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $95.00, for a total transaction of $1,187,500.00. Following the transaction, the chief financial officer now directly owns 22,903 shares in the company, valued at $2,175,785. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kenneth Robert Bertram sold 8,525 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $95.30, for a total transaction of $812,432.50. Following the transaction, the vice president now owns 18,967 shares in the company, valued at $1,807,555.10. The disclosure for this sale can be found here. Corporate insiders own 16.36% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Sheets Smith Wealth Management purchased a new position in Ollie’s Bargain Outlet during the second quarter worth approximately $474,000. First Citizens Bank & Trust Co. purchased a new position in Ollie’s Bargain Outlet during the second quarter worth approximately $384,000. Harbour Capital Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter worth approximately $255,000. CHURCHILL MANAGEMENT Corp purchased a new position in Ollie’s Bargain Outlet during the second quarter worth approximately $12,243,000. Finally, Retirement Systems of Alabama raised its stake in Ollie’s Bargain Outlet by 0.5% during the second quarter. Retirement Systems of Alabama now owns 109,110 shares of the company’s stock worth $9,505,000 after purchasing an additional 589 shares during the period. Institutional investors and hedge funds own 90.61% of the company’s stock.
Ollie’s Bargain Outlet Company Profile
Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.
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