Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have received an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $118.62.

A number of research firms have issued reports on OLLI. Loop Capital upped their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company upped their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. JPMorgan Chase & Co. upped their target price on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Truist Financial upped their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th.

Insider Buying and Selling

In related news, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total value of $1,230,464.68. Following the sale, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 90,172 shares of company stock valued at $9,878,158. 0.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently bought and sold shares of OLLI. D. E. Shaw & Co. Inc. boosted its position in Ollie’s Bargain Outlet by 953.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after acquiring an additional 512,928 shares during the last quarter. Holocene Advisors LP boosted its position in Ollie’s Bargain Outlet by 10,159.3% during the 3rd quarter. Holocene Advisors LP now owns 471,413 shares of the company’s stock worth $45,821,000 after acquiring an additional 466,818 shares during the last quarter. Wellington Management Group LLP boosted its position in Ollie’s Bargain Outlet by 155.8% during the 3rd quarter. Wellington Management Group LLP now owns 483,044 shares of the company’s stock worth $46,952,000 after acquiring an additional 294,217 shares during the last quarter. Loomis Sayles & Co. L P acquired a new position in Ollie’s Bargain Outlet during the 3rd quarter worth approximately $16,590,000. Finally, Victory Capital Management Inc. boosted its position in Ollie’s Bargain Outlet by 84.8% during the 3rd quarter. Victory Capital Management Inc. now owns 313,836 shares of the company’s stock worth $30,505,000 after acquiring an additional 143,996 shares during the last quarter.

Ollie’s Bargain Outlet Stock Down 4.8 %

Shares of NASDAQ OLLI opened at $101.25 on Thursday. The firm’s 50-day simple moving average is $103.89 and its 200 day simple moving average is $98.54. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. During the same quarter in the prior year, the company earned $0.51 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

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.