Ollie’s Bargain Outlet (NASDAQ:OLLI) Coverage Initiated by Analysts at Craig Hallum

Craig Hallum began coverage on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a report issued on Wednesday morning, The Fly reports. The brokerage issued a buy rating and a $94.00 target price on the stock.

Several other equities research analysts have also issued reports on OLLI. Morgan Stanley dropped their price objective on Ollie’s Bargain Outlet from $89.00 to $70.00 and set an equal weight rating for the company in a research note on Friday, August 30th. Loop Capital dropped their price target on Ollie’s Bargain Outlet to $75.00 and set a buy rating for the company in a research note on Thursday, August 29th. Bank of America dropped their price target on Ollie’s Bargain Outlet from $110.00 to $75.00 and set a buy rating for the company in a research note on Thursday, August 29th. KeyCorp dropped their price target on Ollie’s Bargain Outlet from $110.00 to $90.00 and set an overweight rating for the company in a research note on Thursday, August 29th. Finally, Dougherty & Co started coverage on Ollie’s Bargain Outlet in a research note on Thursday, May 23rd. They set a buy rating and a $115.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $79.83.

Shares of Ollie’s Bargain Outlet stock traded down $0.98 during trading hours on Wednesday, reaching $63.14. The company had a trading volume of 1,453,246 shares, compared to its average volume of 1,068,730. Ollie’s Bargain Outlet has a one year low of $54.27 and a one year high of $103.03. The business has a fifty day simple moving average of $74.53 and a 200 day simple moving average of $86.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.13 and a quick ratio of 0.41. The firm has a market cap of $4.02 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87.



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

In related news, SVP Omar Segura sold 10,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $87.45, for a total transaction of $874,500.00. Following the transaction, the senior vice president now owns 10,000 shares in the company, valued at approximately $874,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.36% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the business. Princeton Global Asset Management LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $35,000. Toronto Dominion Bank bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $52,000. Atria Investments LLC boosted its position in shares of Ollie’s Bargain Outlet by 44.2% in the 2nd quarter. Atria Investments LLC now owns 12,810 shares of the company’s stock worth $1,003,000 after purchasing an additional 3,924 shares in the last quarter. Treasurer of the State of North Carolina bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $1,841,000. Finally, Magnetar Financial LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $233,000. Hedge funds and other institutional investors own 92.49% 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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Analyst Recommendations for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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