Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Now Covered by Analysts at Stephens

Stephens started coverage on shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a report issued on Tuesday, October 31st, Marketbeat reports. The firm issued an overweight rating and a $53.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Ollie’s Bargain Outlet Holdings from a c rating to a b- rating in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings from a hold rating to a buy rating and set a $49.00 price objective for the company in a research report on Wednesday, August 30th. Jefferies Group LLC restated a buy rating and issued a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research report on Wednesday, August 23rd. Bank of America Corporation reaffirmed a buy rating and issued a $52.00 target price on shares of Ollie’s Bargain Outlet Holdings in a research note on Tuesday, September 5th. Finally, BidaskClub lowered shares of Ollie’s Bargain Outlet Holdings from a strong-buy rating to a buy rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $46.92.

Ollie’s Bargain Outlet Holdings (OLLI) traded up $1.10 during midday trading on Tuesday, hitting $46.00. 603,535 shares of the company traded hands, compared to its average volume of 419,213. The company has a current ratio of 2.80, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. Ollie’s Bargain Outlet Holdings has a fifty-two week low of $27.75 and a fifty-two week high of $46.90. The company has a market cap of $2,824.96, a P/E ratio of 42.59, a P/E/G ratio of 1.99 and a beta of 0.16.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $254.60 million during the quarter, compared to the consensus estimate of $242.85 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The business’s revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. sell-side analysts anticipate that Ollie’s Bargain Outlet Holdings will post 1.19 earnings per share for the current fiscal year.

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In related news, CEO Mark L. Butler sold 6,248 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $45.00, for a total transaction of $281,160.00. Following the completion of the sale, the chief executive officer now owns 4,880,480 shares of the company’s stock, valued at $219,621,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark L. Butler sold 334,200 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $46.02, for a total transaction of $15,379,884.00. Following the sale, the chief executive officer now directly owns 4,770,421 shares of the company’s stock, valued at approximately $219,534,774.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 692,871 shares of company stock worth $31,879,134. Corporate insiders own 22.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its stake in Ollie’s Bargain Outlet Holdings by 17.3% during the second quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock worth $241,093,000 after acquiring an additional 832,667 shares in the last quarter. Vanguard Group Inc. raised its stake in Ollie’s Bargain Outlet Holdings by 4.7% during the second quarter. Vanguard Group Inc. now owns 4,339,008 shares of the company’s stock worth $184,842,000 after acquiring an additional 195,242 shares in the last quarter. Wasatch Advisors Inc. raised its stake in Ollie’s Bargain Outlet Holdings by 1.2% during the second quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock worth $133,625,000 after acquiring an additional 37,517 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Ollie’s Bargain Outlet Holdings by 22.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock worth $122,533,000 after acquiring an additional 490,295 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its stake in Ollie’s Bargain Outlet Holdings by 3.1% during the second quarter. Eagle Asset Management Inc. now owns 1,939,350 shares of the company’s stock worth $82,616,000 after acquiring an additional 58,482 shares in the last quarter. 88.88% of the stock is owned by hedge funds and other institutional investors.

About Ollie’s Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

Analyst Recommendations for Ollie`s Bargain Outlet Holdings (NASDAQ:OLLI)

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