Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) Receives Average Rating of “Hold” from Analysts

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has received an average recommendation of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $79.83.

A number of analysts have commented on OLLI shares. Credit Suisse Group reiterated an “outperform” rating and issued a $78.00 price objective (down previously from $103.00) on shares of Ollie’s Bargain Outlet in a research report on Thursday, August 29th. Royal Bank of Canada cut their target price on Ollie’s Bargain Outlet from $85.00 to $65.00 and set a “sector perform” rating for the company in a research report on Thursday, August 29th. Bank of America cut their target price on Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Dougherty & Co assumed coverage on Ollie’s Bargain Outlet in a research report on Thursday, May 23rd. They set a “buy” rating and a $115.00 target price for the company. Finally, Loop Capital cut their target price on Ollie’s Bargain Outlet to $75.00 and set a “buy” rating for the company in a research report on Thursday, August 29th.

Shares of OLLI stock traded up $0.50 during mid-day trading on Friday, reaching $63.64. The stock had a trading volume of 17,296 shares, compared to its average volume of 2,232,792. The firm’s 50 day simple moving average is $74.53 and its 200 day simple moving average is $86.43. The company has a quick ratio of 0.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.26. Ollie’s Bargain Outlet has a one year low of $54.27 and a one year high of $103.03. The firm has a market cap of $4.08 billion, a PE ratio of 34.81, a P/E/G ratio of 1.55 and a beta of 0.87.



Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.11). Ollie’s Bargain Outlet had a return on equity of 12.67% and a net margin of 10.37%. The firm had revenue of $333.90 million during the quarter, compared to the consensus estimate of $339.83 million. During the same quarter in the prior year, the business posted $0.40 EPS. Ollie’s Bargain Outlet’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts forecast that Ollie’s Bargain Outlet will post 1.97 earnings per share for the current fiscal year.

In related news, SVP Omar Segura sold 10,000 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $87.45, for a total transaction of $874,500.00. Following the completion of the sale, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $874,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.36% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Dorsey Wright & Associates acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at $2,759,000. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 0.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,035,186 shares of the company’s stock valued at $173,663,000 after buying an additional 5,286 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of Ollie’s Bargain Outlet by 331.9% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 15,828 shares of the company’s stock valued at $1,351,000 after buying an additional 12,163 shares during the period. Swiss National Bank increased its stake in shares of Ollie’s Bargain Outlet by 8.4% in the 2nd quarter. Swiss National Bank now owns 105,300 shares of the company’s stock valued at $9,173,000 after buying an additional 8,200 shares during the period. Finally, Mason Street Advisors LLC increased its stake in shares of Ollie’s Bargain Outlet by 1.5% in the 1st quarter. Mason Street Advisors LLC now owns 27,419 shares of the company’s stock valued at $2,340,000 after buying an additional 410 shares during the period. 92.49% of the stock is owned by hedge funds and other institutional investors.

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

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