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 recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $118.07.

A number of research firms have recently issued reports on OLLI. Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their price target for the company from $125.00 to $111.00 in a research report on Tuesday. Piper Sandler lifted their price objective on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their target price for the company from $64.00 to $133.00 in a report on Wednesday, December 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd. Finally, Craig Hallum increased their price objective on shares of 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.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $104.71 on Monday. The stock’s 50 day moving average price is $108.89 and its 200 day moving average price is $99.69. Ollie’s Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $120.03. The company has a market cap of $6.42 billion, a PE ratio of 31.26, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company 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%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. On average, equities research analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the sale, the senior vice president now directly owns 1,905 shares in the company, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Swygert sold 4,032 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total transaction of $413,320.32. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $4,940,982. This represents a 7.72 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 87,771 shares of company stock valued at $9,650,832. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Institutional investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in shares of Ollie’s Bargain Outlet by 37.4% in the 4th quarter. HighTower Advisors LLC now owns 16,406 shares of the company’s stock valued at $1,800,000 after acquiring an additional 4,466 shares during the period. Tortoise Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the fourth quarter worth about $45,000. Edgestream Partners L.P. purchased a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter worth about $1,067,000. Callan Family Office LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at about $409,000. Finally, Lisanti Capital Growth LLC lifted its position in Ollie’s Bargain Outlet by 2.5% during the 4th quarter. Lisanti Capital Growth LLC now owns 52,555 shares of the company’s stock worth $5,767,000 after acquiring an additional 1,275 shares in 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.