Ollie’s Bargain Outlet (NASDAQ:OLLI) Earns Overweight Rating from Piper Sandler

Piper Sandler reiterated their overweight rating on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a research report report published on Friday, Benzinga reports. They currently have a $107.00 price target on the stock.

A number of other research analysts have also weighed in on the stock. UBS Group raised their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a neutral rating in a report on Friday, August 30th. Royal Bank of Canada boosted their target price on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an outperform rating in a research report on Wednesday, October 2nd. Craig Hallum raised their price target on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the stock a buy rating in a research report on Thursday, June 6th. Wells Fargo & Company lifted their price objective on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an overweight rating in a research note on Thursday, June 6th. Finally, Morgan Stanley increased their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an equal weight rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $104.92.

Ollie’s Bargain Outlet Stock Up 1.5 %

Shares of Ollie’s Bargain Outlet stock opened at $97.39 on Friday. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $104.98. The stock’s 50-day simple moving average is $95.10 and its 200-day simple moving average is $87.90. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 2.38 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million during the quarter, compared to the consensus estimate of $561.60 million. During the same period in the prior year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts expect that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total transaction of $750,293.28. Following the completion of the sale, the president now directly owns 5,615 shares of the company’s stock, valued at $563,296.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total transaction of $224,278.01. Following the transaction, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at $284,592.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Der Valk Eric Van sold 7,479 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $100.32, for a total value of $750,293.28. Following the sale, the president now directly owns 5,615 shares in the company, valued at $563,296.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,632 shares of company stock valued at $2,459,421 over the last quarter. 0.87% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently made changes to their positions in the stock. Treasurer of the State of North Carolina lifted its position in shares of Ollie’s Bargain Outlet by 4.2% during the fourth quarter. Treasurer of the State of North Carolina now owns 28,206 shares of the company’s stock valued at $2,141,000 after buying an additional 1,141 shares during the last quarter. Bank of Nova Scotia acquired a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at approximately $377,000. Verition Fund Management LLC grew its holdings in Ollie’s Bargain Outlet by 124.1% in the fourth quarter. Verition Fund Management LLC now owns 115,901 shares of the company’s stock worth $8,796,000 after purchasing an additional 64,182 shares during the last quarter. Nomura Holdings Inc. acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth $3,019,000. Finally, Wasatch Advisors LP lifted its holdings in shares of Ollie’s Bargain Outlet by 5.2% during the 4th quarter. Wasatch Advisors LP now owns 3,761,480 shares of the company’s stock valued at $285,459,000 after purchasing an additional 184,864 shares during 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.