Ollie’s Bargain Outlet (NASDAQ:OLLI) Receives “Hold” Rating from Wells Fargo & Co

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “hold” rating reiterated by research analysts at Wells Fargo & Co in a report issued on Friday, AnalystRatings.com reports.

Several other analysts have also recently commented on the stock. Citigroup decreased their price target on shares of Ollie’s Bargain Outlet from $95.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Credit Suisse Group restated an “outperform” rating and set 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. Piper Jaffray Companies set a $70.00 target price on Ollie’s Bargain Outlet and gave the stock a “buy” rating in a report on Tuesday, September 24th. Morgan Stanley decreased their target price on Ollie’s Bargain Outlet from $89.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, August 30th. Finally, KeyCorp decreased their target price on Ollie’s Bargain Outlet from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $80.00.

OLLI traded up $0.55 during trading on Friday, hitting $60.04. 1,138,338 shares of the company traded hands, compared to its average volume of 1,058,277. The company has a current ratio of 2.13, a quick ratio of 0.41 and a debt-to-equity ratio of 0.26. The company has a market cap of $3.89 billion, a PE ratio of 32.81, a P/E/G ratio of 1.55 and a beta of 0.87. The stock’s 50-day simple moving average is $64.06 and its two-hundred day simple moving average is $75.33. Ollie’s Bargain Outlet has a 1 year low of $53.60 and a 1 year high of $103.03.

In other news, SVP Kevin Mclain sold 6,917 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $64.03, for a total transaction of $442,895.51. Also, Director Stanley Fleishman purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $64.66 per share, with a total value of $129,320.00. Following the acquisition, the director now owns 43,974 shares in the company, valued at approximately $2,843,358.84. The disclosure for this purchase can be found here. Insiders sold a total of 29,270 shares of company stock valued at $1,892,131 over the last three months. Corporate insiders own 16.36% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLLI. Arizona State Retirement System raised its position in Ollie’s Bargain Outlet by 2.0% during the second quarter. Arizona State Retirement System now owns 37,782 shares of the company’s stock valued at $3,291,000 after purchasing an additional 757 shares during the period. Strs Ohio raised its holdings in Ollie’s Bargain Outlet by 688.0% during the 2nd quarter. Strs Ohio now owns 68,555 shares of the company’s stock valued at $5,971,000 after buying an additional 59,855 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in Ollie’s Bargain Outlet in the second quarter worth $58,000. Optimum Investment Advisors bought a new stake in Ollie’s Bargain Outlet in the second quarter worth $26,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ollie’s Bargain Outlet by 7.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,509 shares of the company’s stock worth $306,000 after buying an additional 235 shares during the period. Institutional investors own 96.06% 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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