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 given an average rating of “Moderate Buy” by the twelve brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $102.08.

OLLI has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Bank of America upped their price objective on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Royal Bank of Canada lifted their target price on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. UBS Group upped their price target on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, June 6th. Finally, JPMorgan Chase & Co. raised Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 price objective for the company in a research report on Monday, June 17th.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, President Der Valk Eric Van sold 1,438 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total transaction of $129,420.00. Following the transaction, the president now directly owns 4,158 shares of the company’s stock, valued at $374,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Der Valk Eric Van sold 1,438 shares of Ollie’s Bargain Outlet stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $129,420.00. Following the completion of the transaction, the president now directly owns 4,158 shares in the company, valued at $374,220. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $224,278.01. Following the completion of the sale, the senior vice president now owns 2,732 shares in the company, valued at approximately $284,592.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,367 shares of company stock valued at $3,061,165. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Ollie’s Bargain Outlet by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after acquiring an additional 343,903 shares in the last quarter. Wasatch Advisors LP boosted its holdings in Ollie’s Bargain Outlet by 4.1% during the first quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company’s stock worth $311,721,000 after purchasing an additional 156,095 shares during the last quarter. Capital Research Global Investors bought a new stake in Ollie’s Bargain Outlet in the 1st quarter worth about $136,978,000. Geneva Capital Management LLC increased its stake in Ollie’s Bargain Outlet by 0.4% in the 4th quarter. Geneva Capital Management LLC now owns 1,037,404 shares of the company’s stock valued at $78,729,000 after buying an additional 4,523 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth approximately $59,215,000.

Ollie’s Bargain Outlet Price Performance

OLLI opened at $95.94 on Monday. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $104.98. The company’s 50 day moving average price is $95.99 and its two-hundred day moving average price is $83.28. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 30.26, a PEG ratio of 2.34 and a beta of 0.90.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. The company had revenue of $508.82 million for the quarter, compared to analysts’ expectations of $506.49 million. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. Ollie’s Bargain Outlet’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, equities research analysts predict that Ollie’s Bargain Outlet will post 3.27 EPS for the current 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.