Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $135.00 at JPMorgan Chase & Co.

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective raised by analysts at JPMorgan Chase & Co. from $105.00 to $135.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 18.69% from the company’s previous close.

OLLI has been the subject of several other research reports. Craig Hallum upped their target price on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. Loop Capital restated a “buy” rating and issued a $110.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Friday, September 20th. Bank of America upped their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group upped their price objective on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Gordon Haskett upgraded shares of 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $114.92.

Ollie’s Bargain Outlet Stock Up 2.5 %

OLLI stock traded up $2.72 during trading on Wednesday, hitting $113.74. The company had a trading volume of 886,524 shares, compared to its average volume of 1,044,525. The firm has a 50-day moving average price of $95.30 and a 200-day moving average price of $94.70. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $115.98. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 34.74, a PEG ratio of 2.53 and a beta of 0.85.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm had revenue of $517.43 million during the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter in the previous year, the company posted $0.51 EPS. Ollie’s Bargain Outlet’s revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Ollie’s Bargain Outlet will post 3.27 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 the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at approximately $191,348.28. This trade represents a 54.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Swygert sold 2,400 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction of $246,096.00. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,942,428. This represents a 4.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,112 shares of company stock valued at $3,614,366 in the last three months. 0.87% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $25,000. Crewe Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC boosted its position in shares of Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after acquiring an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $117,000. Finally, LRI Investments LLC boosted its position in shares of Ollie’s Bargain Outlet by 2,356.1% during the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after acquiring an additional 1,343 shares in the last quarter.

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.