Ollie’s Bargain Outlet’s (OLLI) “Buy” Rating Reiterated at Truist Financial

Truist Financial reiterated their buy rating on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a research note released on Monday, Benzinga reports. Truist Financial currently has a $102.00 price objective on the stock.

Other research analysts also recently issued research reports about the company. Morgan Stanley lifted their price target on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an equal weight rating in a report on Thursday, June 6th. Royal Bank of Canada lifted their target price on Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the company an outperform rating in a research note on Thursday, June 6th. Loop Capital upped their target price on Ollie’s Bargain Outlet from $100.00 to $110.00 and gave the company a buy rating in a report on Monday, June 24th. JPMorgan Chase & Co. upgraded shares of Ollie’s Bargain Outlet from a neutral rating to an overweight rating and set a $105.00 price target for the company in a report on Monday, June 17th. Finally, UBS Group upped their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the company a neutral rating in a research note on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $101.50.

Ollie’s Bargain Outlet Trading Down 1.4 %

OLLI stock opened at $96.92 on Monday. Ollie’s Bargain Outlet has a one year low of $60.26 and a one year high of $100.44. The firm has a 50-day moving average of $83.51 and a two-hundred day moving average of $77.79. The firm has a market capitalization of $5.93 billion, a PE ratio of 30.57, a P/E/G ratio of 2.67 and a beta of 0.90.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The business had revenue of $508.82 million for the quarter, compared to analyst estimates of $506.49 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts anticipate that Ollie’s Bargain Outlet will post 3.26 earnings per share for the current year.

Insiders Place Their Bets

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 1,438 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $129,420.00. Following the transaction, the president now owns 4,158 shares in the company, valued at $374,220. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 1,438 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $129,420.00. Following the completion of the transaction, the president now owns 4,158 shares of the company’s stock, valued at approximately $374,220. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John W. Swygert sold 14,736 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $86.81, for a total value of $1,279,232.16. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,184,242. The disclosure for this sale can be found here. Insiders sold 37,384 shares of company stock valued at $3,211,937 over the last quarter. Insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in Ollie’s Bargain Outlet by 6.2% during the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after buying an additional 343,903 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Ollie’s Bargain Outlet by 4.1% during the 1st quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after purchasing an additional 156,095 shares in the last quarter. Capital Research Global Investors bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter valued at approximately $136,978,000. Wellington Management Group LLP increased its position in shares of Ollie’s Bargain Outlet by 141.5% during the third quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock valued at $83,037,000 after purchasing an additional 630,298 shares during the period. Finally, Geneva Capital Management LLC raised its stake in shares of Ollie’s Bargain Outlet by 0.4% in the fourth quarter. Geneva Capital Management LLC now owns 1,037,404 shares of the company’s stock valued at $78,729,000 after purchasing an additional 4,523 shares in the last quarter.

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.