Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $100.09 Average PT from Brokerages

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $101.50.

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 6th. The Goldman Sachs Group increased their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Craig Hallum boosted their target price on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Wells Fargo & Company lifted their price objective on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Finally, Royal Bank of Canada upped their target price on Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th.

Ollie’s Bargain Outlet Stock Up 0.0 %

Shares of OLLI opened at $98.34 on Friday. The business has a 50-day simple moving average of $81.62 and a two-hundred day simple moving average of $77.04. Ollie’s Bargain Outlet has a 12-month low of $57.31 and a 12-month high of $100.44. The stock has a market cap of $6.02 billion, a PE ratio of 31.02, a PEG ratio of 2.67 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The business had revenue of $508.82 million during the quarter, compared to analyst estimates of $506.49 million. During the same quarter last year, the business earned $0.49 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities research analysts expect that Ollie’s Bargain Outlet will post 3.26 EPS for the current year.

Insider Activity

In related news, CEO John W. Swygert sold 11,756 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total value of $884,286.32. Following the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,625,604. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 11,756 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $3,625,604. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas Hendrickson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $72.29, for a total transaction of $361,450.00. Following the transaction, the director now directly owns 5,659 shares in the company, valued at $409,089.11. The disclosure for this sale can be found here. Insiders sold 49,310 shares of company stock worth $4,109,613 over the last three months. 0.87% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several large investors have recently modified their holdings of OLLI. Venturi Wealth Management LLC boosted its position in Ollie’s Bargain Outlet by 194.3% during the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the period. Operose Advisors LLC bought a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at $26,000. ORG Partners LLC bought a new position in shares of Ollie’s Bargain Outlet in the first quarter worth $28,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at $29,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of Ollie’s Bargain Outlet during the 1st quarter valued at $48,000.

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.