Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded at StockNews.com

Ollie’s Bargain Outlet (NASDAQ:OLLI) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities analysts have also commented on the company. Loop Capital upped their target price on Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Piper Sandler upped their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Citigroup raised shares of 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 report on Wednesday. Bank of America upped their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and increased their price target for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $117.85.

Ollie’s Bargain Outlet Trading Up 2.7 %

Shares of OLLI stock traded up $3.14 during trading hours on Thursday, hitting $117.63. The company’s stock had a trading volume of 1,492,399 shares, compared to its average volume of 1,057,542. The business has a fifty day moving average of $97.49 and a 200-day moving average of $96.00. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.79 and a beta of 0.85. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $118.95.

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

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 7,479 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the transaction, the president now owns 5,615 shares in the company, valued at $563,296.80. This represents a 57.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now owns 2,021 shares in the company, valued at $191,348.28. This represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 97,651 shares of company stock worth $10,628,452. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently added to or reduced their stakes in OLLI. International Assets Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the second quarter worth about $25,000. Crewe Advisors LLC acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at approximately $36,000. GAMMA Investing LLC increased its holdings in Ollie’s Bargain Outlet by 37.9% during the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 179 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $117,000. Finally, LRI Investments LLC boosted its stake in shares of Ollie’s Bargain Outlet by 2,356.1% during the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after buying an additional 1,343 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.