Loop Capital Reiterates “Buy” Rating for Ollie’s Bargain Outlet (NASDAQ:OLLI)

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “buy” rating reiterated by research analysts at Loop Capital in a note issued to investors on Friday, Benzinga reports. They currently have a $110.00 price target on the stock. Loop Capital’s target price indicates a potential upside of 11.12% from the company’s previous close.

OLLI has been the topic of a number of other research reports. Wells Fargo & Company upped their price target on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. Morgan Stanley increased their price target on shares of 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. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price objective for the company from $105.00 to $107.00 in a research report on Monday, August 26th. Finally, Royal Bank of Canada reduced their target price on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $103.33.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ OLLI opened at $98.99 on Friday. The company has a 50 day simple moving average of $95.41 and a two-hundred day simple moving average of $86.18. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 31.23, a P/E/G ratio of 2.48 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, meeting 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 company had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same quarter last year, the company earned $0.67 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, analysts forecast that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 10,610 shares in the company, valued at approximately $1,050,283.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares in the company, valued at $284,592.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet 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 transaction, the senior vice president now directly owns 10,610 shares in the company, valued at $1,050,283.90. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors purchased a new stake in shares of Ollie’s Bargain Outlet in the first quarter worth $136,978,000. Norges Bank purchased a new stake in Ollie’s Bargain Outlet in the 4th quarter worth $59,215,000. D. E. Shaw & Co. Inc. increased its stake in Ollie’s Bargain Outlet by 953.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 566,738 shares of the company’s stock worth $55,637,000 after buying an additional 512,928 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of Ollie’s Bargain Outlet by 199.3% in the second quarter. Los Angeles Capital Management LLC now owns 560,054 shares of the company’s stock valued at $54,981,000 after acquiring an additional 372,914 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Ollie’s Bargain Outlet by 6.2% in the first quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock worth $468,103,000 after acquiring an additional 343,903 shares during the period.

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.