Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Consensus Recommendation of “Moderate Buy” by Analysts

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $118.62.

A number of equities research analysts recently commented on OLLI shares. Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Wells Fargo & Company boosted their price objective 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. Piper Sandler increased 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 report on Wednesday, December 11th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. Finally, Bank of America upped their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th.

Insider Buying and Selling

In other 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 value of $606,783.75. Following the sale, the senior vice president now directly owns 3,140 shares of the company’s stock, valued at $357,803. This represents a 62.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 4,800 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $102.60, for a total transaction of $492,480.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,945,320. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 87,771 shares of company stock valued at $9,650,832 over the last ninety days. Company insiders own 0.87% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors have recently bought and sold shares of OLLI. Commonwealth Equity Services LLC lifted its position in Ollie’s Bargain Outlet by 6.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,574 shares of the company’s stock valued at $744,000 after acquiring an additional 433 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Ollie’s Bargain Outlet by 1,058.1% during the 2nd quarter. National Bank of Canada FI now owns 2,571 shares of the company’s stock valued at $253,000 after acquiring an additional 2,349 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Ollie’s Bargain Outlet by 1.5% in the second quarter. Arizona State Retirement System now owns 17,180 shares of the company’s stock worth $1,687,000 after acquiring an additional 253 shares during the period. MGO One Seven LLC raised its holdings in shares of Ollie’s Bargain Outlet by 8.9% during the second quarter. MGO One Seven LLC now owns 14,182 shares of the company’s stock valued at $1,392,000 after purchasing an additional 1,154 shares during the last quarter. Finally, AGF Management Ltd. lifted its position in Ollie’s Bargain Outlet by 4.1% during the second quarter. AGF Management Ltd. now owns 29,245 shares of the company’s stock valued at $2,871,000 after purchasing an additional 1,154 shares during the period.

Ollie’s Bargain Outlet Trading Down 2.6 %

OLLI opened at $97.00 on Thursday. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $120.03. The business’s 50-day moving average price is $104.13 and its 200-day moving average price is $98.56. The company has a market cap of $5.94 billion, a P/E ratio of 28.96, a P/E/G ratio of 2.63 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted 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 return on equity of 13.15% and a net margin of 9.22%. The business had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. During the same period last year, the company earned $0.51 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts forecast that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal 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.