Ollie’s Bargain Outlet (NASDAQ:OLLI) Downgraded by StockNews.com

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

OLLI has been the topic of several other reports. JPMorgan Chase & Co. decreased their price objective on shares of Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, August 30th. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. UBS Group boosted their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Bank of America raised their target price on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Loop Capital reiterated a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a research note on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus target price of $104.92.

Ollie’s Bargain Outlet Stock Performance

Shares of Ollie’s Bargain Outlet stock opened at $90.71 on Tuesday. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 2.28 and a beta of 0.84. The stock has a 50 day moving average of $95.08 and a 200 day moving average of $89.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The firm had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same period last year, the company earned $0.67 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. Analysts forecast that Ollie’s Bargain Outlet will post 3.28 EPS for the current year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Ollie’s Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total value of $227,326.68. Following the sale, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the transaction, the president now directly owns 5,615 shares of the company’s stock, valued at approximately $563,296.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,880 shares of company stock valued at $2,462,470. Insiders own 0.87% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet during the second quarter worth about $31,000. Crewe Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth about $36,000. ORG Partners LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $28,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $38,000.

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.