Ollie’s Bargain Outlet (OLLI) Rating Lowered to Hold at BidaskClub

Ollie’s Bargain Outlet (NASDAQ:OLLI) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other analysts also recently issued reports about the company. ValuEngine downgraded Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 6th. Bank of America reaffirmed a “buy” rating and set a $87.00 price target (down from $98.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday, January 9th. Finally, Morgan Stanley decreased their price target on shares of Ollie’s Bargain Outlet from $82.00 to $69.00 and set an “equal weight” rating for the company in a research report on Monday, January 7th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $88.73.

OLLI stock opened at $80.63 on Wednesday. The firm has a market cap of $5.05 billion, a PE ratio of 64.50, a PEG ratio of 1.49 and a beta of 1.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.03 and a quick ratio of 0.07. Ollie’s Bargain Outlet has a 52 week low of $54.70 and a 52 week high of $97.61.



In other Ollie’s Bargain Outlet news, VP Kenneth Robert Bertram sold 4,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $85.42, for a total value of $341,680.00. Following the completion of the transaction, the vice president now directly owns 19,967 shares of the company’s stock, valued at approximately $1,705,581.14. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO John W. Swygert sold 3,149 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $79.98, for a total transaction of $251,857.02. Following the completion of the transaction, the chief operating officer now directly owns 33,699 shares of the company’s stock, valued at $2,695,246.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 143,149 shares of company stock valued at $11,534,070. 20.27% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. First Bank & Trust purchased a new position in Ollie’s Bargain Outlet in the 4th quarter valued at about $32,000. Rehmann Capital Advisory Group boosted its position in Ollie’s Bargain Outlet by 796.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,883 shares of the company’s stock valued at $125,000 after buying an additional 1,673 shares during the last quarter. Bank of Montreal Can boosted its position in Ollie’s Bargain Outlet by 11.8% in the 4th quarter. Bank of Montreal Can now owns 2,059 shares of the company’s stock valued at $136,000 after buying an additional 218 shares during the last quarter. First Mercantile Trust Co. purchased a new position in Ollie’s Bargain Outlet in the 4th quarter valued at about $147,000. Finally, Glenmede Trust Co. NA boosted its position in Ollie’s Bargain Outlet by 92.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,897 shares of the company’s stock valued at $181,000 after buying an additional 913 shares during the last quarter. 89.54% of the stock is owned by institutional investors.

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.

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Analyst Recommendations for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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