Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price Expected to Rise, Loop Capital Analyst Says

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective boosted by research analysts at Loop Capital from $110.00 to $120.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price target would suggest a potential upside of 4.64% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company downgraded shares of Ollie’s Bargain Outlet from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $100.00 to $95.00 in a research note on Tuesday, December 3rd. Craig Hallum raised their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group lifted their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price objective for the company from $105.00 to $107.00 in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.75.

Ollie’s Bargain Outlet Stock Up 3.3 %

Shares of NASDAQ:OLLI traded up $3.66 during trading on Wednesday, hitting $114.68. 1,060,141 shares of the company were exchanged, compared to its average volume of 1,045,085. Ollie’s Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $115.98. The company has a market capitalization of $7.04 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. The business’s 50 day moving average is $95.30 and its 200-day moving average is $94.70.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. As a group, sell-side analysts anticipate that Ollie’s Bargain Outlet will post 3.27 earnings per share for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the sale, the president now directly owns 5,615 shares in the company, valued at approximately $563,296.80. This trade represents a 57.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin Mclain sold 15,000 shares of the firm’s stock in a transaction dated 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 directly owns 10,610 shares in the company, valued at $1,050,283.90. This represents a 58.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,112 shares of company stock valued at $3,614,366 in the last 90 days. Insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently modified their holdings of the stock. Cetera Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the first quarter valued at approximately $228,000. Diversified Trust Co lifted its holdings in Ollie’s Bargain Outlet by 30.1% in the 2nd quarter. Diversified Trust Co now owns 5,838 shares of the company’s stock valued at $573,000 after purchasing an additional 1,350 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $362,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Ollie’s Bargain Outlet by 31.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 5,208 shares of the company’s stock worth $511,000 after purchasing an additional 1,254 shares during the last quarter. Finally, Portside Wealth Group LLC raised its stake in shares of Ollie’s Bargain Outlet by 41.3% in the 2nd quarter. Portside Wealth Group LLC now owns 12,299 shares of the company’s stock valued at $1,207,000 after acquiring an additional 3,596 shares during the period.

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.