Ollie’s Bargain Outlet (NASDAQ:OLLI) Downgraded to Hold Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a buy rating to a hold rating in a research note released on Tuesday morning, Marketbeat reports. Jefferies Financial Group currently has $111.00 price objective on the stock, down from their prior price objective of $125.00.

A number of other analysts have also recently commented on OLLI. Piper Sandler lifted their target price on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial lifted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Loop Capital increased their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. Finally, StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and an average price target of $118.07.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ OLLI opened at $107.90 on Tuesday. The business has a fifty day moving average price of $108.89 and a 200 day moving average price of $99.69. Ollie’s Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $120.03. The stock has a market capitalization of $6.61 billion, a P/E ratio of 32.21, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. As a group, equities research analysts anticipate that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP James J. Comitale sold 5,325 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total transaction of $606,783.75. Following the completion of the transaction, the senior vice president now owns 3,140 shares in the company, valued at $357,803. This represents a 62.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Larry Kraus sold 10,646 shares of Ollie’s Bargain Outlet stock in a transaction dated 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 completion of the sale, the senior vice president now owns 1,905 shares in the company, 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. Over the last ninety days, insiders sold 87,771 shares of company stock worth $9,650,832. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB grew its holdings in shares of Ollie’s Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after buying an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new position in Ollie’s Bargain Outlet during the fourth quarter worth about $26,000. Blue Trust Inc. grew its stake in Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in Ollie’s Bargain Outlet in the 4th quarter valued at about $58,000. Finally, UMB Bank n.a. lifted its stake in Ollie’s Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after purchasing an additional 110 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.