Ollie’s Bargain Outlet (NASDAQ:OLLI) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a hold rating to a sell rating in a report issued on Tuesday.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. Royal Bank of Canada increased their target price on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Loop Capital reiterated a “buy” rating and issued a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their price objective for the company from $105.00 to $107.00 in a research note on Monday, August 26th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $107.00 target price on shares of Ollie’s Bargain Outlet in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $104.92.

Ollie’s Bargain Outlet Trading Down 0.0 %

Shares of Ollie’s Bargain Outlet stock opened at $90.75 on Tuesday. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $104.98. The firm has a market capitalization of $5.57 billion, a P/E ratio of 27.67, a P/E/G ratio of 2.28 and a beta of 0.84. The business has a fifty day simple moving average of $95.18 and a two-hundred day simple moving average of $89.49.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. The company had revenue of $578.38 million during the quarter, compared to analysts’ expectations 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 was up 12.4% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. Analysts predict that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current year.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares in the company, valued at $1,050,283.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,880 shares of company stock worth $2,462,470 over the last quarter. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter valued at about $25,000. ORG Partners LLC purchased a new position in Ollie’s Bargain Outlet in the first quarter worth about $28,000. Opal Wealth Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $31,000. Crewe Advisors LLC bought a new position in Ollie’s Bargain Outlet during the second quarter valued at $36,000. Finally, Versant Capital Management Inc purchased a new stake in Ollie’s Bargain Outlet in the 2nd quarter worth about $38,000.

Ollie’s Bargain Outlet Company Profile

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.