Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $76.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target boosted by Royal Bank of Canada from $69.00 to $76.00 in a report released on Wednesday, The Fly reports. The brokerage currently has an outperform rating on the stock.

OLLI has been the topic of a number of other research reports. Credit Suisse Group restated an outperform rating and issued a $78.00 target price (down previously from $103.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 29th. KeyCorp cut their target price on shares of Ollie’s Bargain Outlet from $110.00 to $90.00 and set an overweight rating on the stock in a research note on Thursday, August 29th. Craig Hallum began coverage on shares of Ollie’s Bargain Outlet in a research note on Wednesday, September 11th. They issued a buy rating and a $94.00 target price on the stock. Piper Jaffray Companies restated an overweight rating and issued a $86.00 target price (up previously from $70.00) on shares of Ollie’s Bargain Outlet in a research note on Wednesday. Finally, Bank of America cut their target price on shares of Ollie’s Bargain Outlet from $110.00 to $75.00 and set a buy rating on the stock in a research note on Thursday, August 29th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $82.08.

Shares of Ollie’s Bargain Outlet stock traded down $1.02 during trading on Wednesday, reaching $68.96. The company had a trading volume of 1,286,275 shares, compared to its average volume of 1,627,061. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 1.66 and a beta of 0.87. The firm’s fifty day moving average is $64.20 and its 200-day moving average is $73.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.41 and a current ratio of 2.14. Ollie’s Bargain Outlet has a fifty-two week low of $53.60 and a fifty-two week high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 10th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $327.05 million for the quarter, compared to analyst estimates of $322.56 million. Ollie’s Bargain Outlet had a net margin of 10.20% and a return on equity of 12.89%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 EPS. On average, research analysts anticipate that Ollie’s Bargain Outlet will post 1.99 EPS for the current fiscal year.

In related news, SVP Kevin Mclain sold 5,750 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $65.39, for a total transaction of $375,992.50. Following the sale, the senior vice president now owns 5,750 shares in the company, valued at $375,992.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John W. Swygert sold 25,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $70.00, for a total transaction of $1,750,000.00. Following the sale, the chief executive officer now owns 44,156 shares in the company, valued at approximately $3,090,920. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,270 shares of company stock worth $3,642,131. 16.36% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLLI. Swiss National Bank boosted its holdings in shares of Ollie’s Bargain Outlet by 8.4% in the second quarter. Swiss National Bank now owns 105,300 shares of the company’s stock valued at $9,173,000 after acquiring an additional 8,200 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Ollie’s Bargain Outlet by 33.8% in the second quarter. Marshall Wace LLP now owns 763,500 shares of the company’s stock valued at $66,509,000 after acquiring an additional 192,961 shares in the last quarter. AXA boosted its holdings in shares of Ollie’s Bargain Outlet by 42.7% in the second quarter. AXA now owns 60,166 shares of the company’s stock valued at $5,241,000 after acquiring an additional 18,011 shares in the last quarter. M&T Bank Corp boosted its holdings in shares of Ollie’s Bargain Outlet by 4.6% in the second quarter. M&T Bank Corp now owns 12,996 shares of the company’s stock valued at $1,133,000 after acquiring an additional 573 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Ollie’s Bargain Outlet by 6.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,798 shares of the company’s stock worth $1,376,000 after buying an additional 894 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Analyst Recommendations for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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