Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded at StockNews.com

StockNews.com upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a sell rating to a hold rating in a report released on Thursday morning.

Several other brokerages have also issued reports on OLLI. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Royal Bank of Canada raised their target price on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Craig Hallum boosted their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the company from $64.00 to $133.00 in a report on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.85.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of OLLI stock opened at $117.91 on Thursday. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $120.03. The stock has a market cap of $7.23 billion, a P/E ratio of 35.20, a P/E/G ratio of 2.79 and a beta of 0.85. The stock has a 50 day moving average of $98.38 and a 200 day moving average of $96.49.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In related news, SVP Larry Kraus sold 10,646 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the sale, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Swygert sold 4,032 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $102.51, for a total transaction of $413,320.32. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,940,982. The trade was a 7.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,651 shares of company stock worth $10,628,452 in the last ninety days. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of OLLI. Signaturefd LLC increased its stake in Ollie’s Bargain Outlet by 6.4% during the second quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock worth $170,000 after purchasing an additional 104 shares during the period. Trust Point Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 1.0% in the third quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock valued at $1,281,000 after purchasing an additional 134 shares in the last quarter. FORA Capital LLC increased its stake in Ollie’s Bargain Outlet by 3.2% during the 3rd quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock worth $467,000 after buying an additional 148 shares during the period. GAMMA Investing LLC lifted its holdings in Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after buying an additional 179 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Ollie’s Bargain Outlet by 5.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after buying an additional 188 shares during the period.

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.