StockNews.com Downgrades Ollie’s Bargain Outlet (NASDAQ:OLLI) to Sell

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

OLLI has been the topic of a number of other reports. Gordon Haskett raised Ollie’s Bargain Outlet from an accumulate rating to a buy rating and lifted their target price for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. Bank of America increased their target price on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a buy rating in a research note on Monday, September 30th. JPMorgan Chase & Co. decreased their price target on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an overweight rating for the company in a research report on Friday, August 30th. Royal Bank of Canada upped their price target on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an outperform rating in a report on Wednesday, October 2nd. Finally, UBS Group raised their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a neutral rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of Moderate Buy and a consensus price target of $104.92.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $94.48 on Friday. The firm has a market capitalization of $5.78 billion, a PE ratio of 29.80, a P/E/G ratio of 2.38 and a beta of 0.84. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $104.98. The business has a 50-day moving average of $94.89 and a two-hundred day moving average of $88.11.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting the consensus estimate of $0.78. The business had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. As a group, research analysts anticipate that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current year.

Insider Transactions at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the transaction, the president now owns 5,615 shares in the company, valued at $563,296.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,632 shares of company stock valued at $2,459,421. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently bought and sold shares of OLLI. Bank of Nova Scotia acquired a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at $377,000. Verition Fund Management LLC increased its holdings in Ollie’s Bargain Outlet by 124.1% in the fourth quarter. Verition Fund Management LLC now owns 115,901 shares of the company’s stock worth $8,796,000 after buying an additional 64,182 shares during the last quarter. Nomura Holdings Inc. bought a new position in Ollie’s Bargain Outlet during the fourth quarter valued at approximately $3,019,000. Wasatch Advisors LP lifted its stake in Ollie’s Bargain Outlet by 5.2% in the fourth quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock valued at $285,459,000 after acquiring an additional 184,864 shares during the last quarter. Finally, Junto Capital Management LP grew its position in Ollie’s Bargain Outlet by 33.1% in the fourth quarter. Junto Capital Management LP now owns 552,199 shares of the company’s stock worth $41,906,000 after acquiring an additional 137,412 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.