Ollie’s Bargain Outlet (NASDAQ:OLLI) PT Raised to $110.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price raised by Loop Capital from $100.00 to $110.00 in a research note published on Monday morning, Benzinga reports. The firm currently has a buy rating on the stock.

OLLI has been the topic of a number of other reports. The Goldman Sachs Group raised their target price on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a buy rating in a research report on Thursday, March 21st. Craig Hallum lifted their price objective on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a buy rating in a report on Thursday, June 6th. UBS Group lifted their price objective on Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the stock a neutral rating in a report on Thursday, June 6th. Morgan Stanley lifted their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an equal weight rating in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. upgraded Ollie’s Bargain Outlet from a neutral rating to an overweight rating and set a $105.00 price objective on the stock in a report on Monday, June 17th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of Moderate Buy and a consensus price target of $101.50.

Ollie’s Bargain Outlet Trading Up 0.0 %

Shares of OLLI opened at $98.34 on Monday. Ollie’s Bargain Outlet has a 12 month low of $57.31 and a 12 month high of $100.44. The stock has a fifty day moving average price of $81.62 and a 200-day moving average price of $77.04. The firm has a market cap of $6.02 billion, a PE ratio of 31.02, a P/E/G ratio of 2.67 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. The firm had revenue of $508.82 million during the quarter, compared to analyst estimates of $506.49 million. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, research analysts forecast that Ollie’s Bargain Outlet will post 3.26 EPS for the current year.

Insider Activity

In other news, Director Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total transaction of $361,450.00. Following the sale, the director now owns 5,659 shares of the company’s stock, valued at approximately $409,089.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO John W. Swygert sold 11,756 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.22, for a total value of $884,286.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,625,604. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 5,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $72.29, for a total transaction of $361,450.00. Following the completion of the sale, the director now owns 5,659 shares of the company’s stock, valued at approximately $409,089.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,310 shares of company stock valued at $4,109,613. 0.87% of the stock is currently owned by company insiders.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors have recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina grew its stake in shares of Ollie’s Bargain Outlet by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 27,065 shares of the company’s stock worth $2,089,000 after acquiring an additional 140 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its stake in shares of Ollie’s Bargain Outlet by 3.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,410 shares of the company’s stock worth $335,000 after acquiring an additional 144 shares in the last quarter. Diversified Trust Co grew its stake in shares of Ollie’s Bargain Outlet by 4.8% in the fourth quarter. Diversified Trust Co now owns 3,636 shares of the company’s stock worth $276,000 after acquiring an additional 168 shares in the last quarter. Vista Investment Partners LLC grew its stake in shares of Ollie’s Bargain Outlet by 1.8% in the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after acquiring an additional 191 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Ollie’s Bargain Outlet by 194.3% in the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after acquiring an additional 204 shares in the last quarter.

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.