Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $116.58 Average PT from Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been given a consensus rating of “Moderate Buy” by the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $117.85.

Several equities research analysts recently issued reports on OLLI shares. Loop Capital boosted their price objective on Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. StockNews.com upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Thursday. Wells Fargo & Company raised their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Royal Bank of Canada upped their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Craig Hallum raised their price target 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.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total transaction of $750,293.28. Following the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. This trade represents a 57.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP James J. Comitale sold 5,325 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the sale, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at $357,803. The trade was a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,651 shares of company stock worth $10,628,452 over the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP grew its position in Ollie’s Bargain Outlet by 161.6% in the 3rd quarter. Royce & Associates LP now owns 75,605 shares of the company’s stock valued at $7,349,000 after buying an additional 46,706 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ollie’s Bargain Outlet by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after acquiring an additional 5,438 shares in the last quarter. Fred Alger Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 12.1% during the third quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock worth $75,052,000 after acquiring an additional 83,063 shares during the period. Hancock Whitney Corp purchased a new position in Ollie’s Bargain Outlet during the third quarter worth about $988,000. Finally, D. E. Shaw & Co. Inc. lifted its position in 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 valued at $55,637,000 after purchasing an additional 512,928 shares during the period.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $117.91 on Friday. The business’s 50 day moving average price is $98.38 and its 200 day moving average price is $96.49. The stock has a market capitalization of $7.23 billion, a PE ratio of 35.20, a P/E/G ratio of 2.79 and a beta of 0.85. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $120.03.

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