Ollie’s Bargain Outlet (NASDAQ:OLLI) Given New $135.00 Price Target at KeyCorp

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price lifted by KeyCorp from $125.00 to $135.00 in a research note published on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Ollie’s Bargain Outlet from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Monday. Royal Bank of Canada lifted their price target on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price target for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. UBS Group lifted their price target on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Finally, Morgan Stanley lifted their price target on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average target price of $124.07.

Ollie’s Bargain Outlet Stock Down 3.2%

Shares of NASDAQ:OLLI opened at $116.88 on Tuesday. The company has a market cap of $7.18 billion, a P/E ratio of 34.89, a PEG ratio of 2.21 and a beta of 0.45. Ollie’s Bargain Outlet has a 52 week low of $72.22 and a 52 week high of $122.15. The company has a 50-day moving average price of $110.30 and a 200 day moving average price of $106.54.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The firm had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. Analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other news, CEO Der Valk Eric Van sold 1,153 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $110.85, for a total transaction of $127,810.05. Following the completion of the transaction, the chief executive officer now directly owns 6,768 shares of the company’s stock, valued at $750,232.80. This trade represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman John W. Swygert sold 6,526 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total transaction of $703,959.62. Following the completion of the sale, the chairman now directly owns 53,432 shares of the company’s stock, valued at $5,763,709.84. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,897 shares of company stock valued at $4,227,970 in the last ninety days. Corporate insiders own 0.75% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Ollie’s Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after acquiring an additional 191 shares during the period. Wilmington Savings Fund Society FSB grew its stake in Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after acquiring an additional 182 shares during the period. Bogart Wealth LLC purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter worth approximately $26,000. HM Payson & Co. purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth approximately $30,000. Finally, City Holding Co. purchased a new stake in Ollie’s Bargain Outlet in the 1st quarter worth approximately $31,000.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.