Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $103.33.

A number of research analysts recently commented on the company. Wells Fargo & Company increased their target price on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Craig Hallum raised their price objective on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Morgan Stanley upped their target price on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 6th. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating for the company in a research note on Friday, August 30th.

Insider Activity

In related news, Director Thomas Hendrickson sold 4,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.54, for a total value of $438,930.00. Following the sale, the director now directly owns 5,659 shares of the company’s stock, valued at $551,978.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 4,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $97.54, for a total transaction of $438,930.00. Following the completion of the sale, the director now directly owns 5,659 shares of the company’s stock, valued at $551,978.86. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. boosted its position in Ollie’s Bargain Outlet by 15.3% during the 1st quarter. Sei Investments Co. now owns 207,554 shares of the company’s stock valued at $16,515,000 after acquiring an additional 27,531 shares in the last quarter. AGF Management Ltd. bought a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $2,835,000. Moran Wealth Management LLC purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter worth $10,686,000. CHURCHILL MANAGEMENT Corp bought a new position in Ollie’s Bargain Outlet in the first quarter worth $1,621,000. Finally, Wells Fargo & Company MN lifted its position in Ollie’s Bargain Outlet by 8.2% during the fourth quarter. Wells Fargo & Company MN now owns 200,720 shares of the company’s stock valued at $15,233,000 after buying an additional 15,187 shares during the period.

Ollie’s Bargain Outlet Trading Up 1.9 %

Shares of OLLI opened at $98.16 on Friday. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $104.98. The company has a market cap of $6.02 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.84. The stock has a 50-day moving average price of $95.55 and a 200-day moving average price of $85.33.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The business had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. Ollie’s Bargain Outlet’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. As a group, analysts predict that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current year.

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.