Ollie’s Bargain Outlet (NASDAQ:OLLI) Sets New 1-Year High at $98.62

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) hit a new 52-week high on Tuesday . The stock traded as high as $98.62 and last traded at $98.61, with a volume of 71540 shares. The stock had previously closed at $95.98.

Analyst Ratings Changes

Several research firms have recently commented on OLLI. Morgan Stanley lifted their price target on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a report on Thursday, June 6th. Royal Bank of Canada lifted their target price on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Craig Hallum boosted their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company boosted their target price on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, June 6th. Finally, UBS Group boosted their price objective on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $100.09.

Ollie’s Bargain Outlet Trading Up 2.1 %

The firm’s 50 day moving average is $78.49 and its two-hundred day moving average is $76.08. The firm has a market cap of $6.00 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 2.62 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The business had revenue of $508.82 million for the quarter, compared to analyst estimates of $506.49 million. During the same quarter last year, the firm earned $0.49 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 10.8% compared to the same quarter last year. Analysts predict that Ollie’s Bargain Outlet Holdings, Inc. will post 3.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Larry Kraus sold 2,928 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total value of $231,312.00. Following the sale, the vice president now directly owns 1,905 shares in the company, valued at $150,495. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Larry Kraus sold 2,928 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total transaction of $231,312.00. Following the transaction, the vice president now directly owns 1,905 shares in the company, valued at $150,495. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $3,625,604. The disclosure for this sale can be found here. Insiders have sold 50,055 shares of company stock valued at $4,083,045 in the last 90 days. 0.87% of the stock is owned by insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently added to or reduced their stakes in OLLI. Venturi Wealth Management LLC increased its holdings in shares of Ollie’s Bargain Outlet by 194.3% in the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock valued at $25,000 after purchasing an additional 204 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet in the third quarter valued at $26,000. ORG Partners LLC acquired a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at $28,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at $29,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the first quarter valued at $48,000.

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.