Ollie’s Bargain Outlet (NASDAQ:OLLI) Given New $123.00 Price Target at UBS Group

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective boosted by UBS Group from $117.00 to $123.00 in a research note published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

OLLI has been the topic of several other reports. Craig Hallum boosted their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Bank of America boosted their target price on 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. Truist Financial boosted their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and boosted their price objective for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and decreased their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.71.

Ollie’s Bargain Outlet Trading Down 2.5 %

OLLI stock opened at $105.22 on Thursday. The stock’s fifty day simple moving average is $105.15 and its two-hundred day simple moving average is $101.40. Ollie’s Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $120.03. The stock has a market cap of $6.45 billion, a P/E ratio of 31.41, a P/E/G ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 EPS. As a group, analysts forecast that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Ollie’s Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after acquiring an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after acquiring an additional 182 shares during the last quarter. Bogart Wealth LLC bought a new position in Ollie’s Bargain Outlet in the 4th quarter worth about $26,000. Blue Trust Inc. increased its stake in Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in Ollie’s Bargain Outlet in the 4th quarter worth about $33,000.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.