Loop Capital Forecasts Strong Price Appreciation for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective lifted by stock analysts at Loop Capital from $120.00 to $130.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price target indicates a potential upside of 10.25% from the stock’s current price.

Several other brokerages also recently weighed in on OLLI. StockNews.com upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Thursday. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their price target for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Royal Bank of Canada restated an “outperform” rating and issued a $130.00 price objective on shares of Ollie’s Bargain Outlet in a report on Monday. Finally, Bank of America upped their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet Trading Up 0.2 %

Shares of OLLI stock opened at $117.91 on Monday. The company’s fifty day moving average price is $98.38 and its 200-day moving average price is $96.54. The stock has a market cap of $7.23 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $120.03.

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

Insider Activity

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 4,032 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,940,982. The trade was a 7.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the transaction, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,172 shares of company stock worth $9,878,158 over the last 90 days. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $25,000. Crewe Advisors LLC purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter valued at $36,000. GAMMA Investing LLC lifted its position in Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after buying an additional 179 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Ollie’s Bargain Outlet during the third quarter worth $117,000. Finally, LRI Investments LLC increased its position in Ollie’s Bargain Outlet by 2,356.1% during the third quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after acquiring an additional 1,343 shares during the last quarter.

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.