Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $121.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target raised by Truist Financial from $109.00 to $121.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada upped their price objective on Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Loop Capital reiterated a “buy” rating and set a $110.00 price target on shares of Ollie’s Bargain Outlet in a report on Friday, September 20th. Bank of America increased their price objective on Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Piper Sandler lifted their target price on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average price target of $116.58.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $112.77 on Wednesday. The company’s 50 day moving average price is $96.26 and its two-hundred day moving average price is $95.19. The firm has a market capitalization of $6.91 billion, a P/E ratio of 33.66, a P/E/G ratio of 2.81 and a beta of 0.85. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $115.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $517.43 million for the quarter, compared to the consensus estimate of $518.83 million. During the same quarter last year, the business posted $0.51 EPS. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts expect that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Activity

In related news, CEO John W. Swygert sold 54,318 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total transaction of $5,944,561.92. Following the transaction, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $5,275,008. This represents a 52.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now directly owns 2,021 shares of the company’s stock, valued at $191,348.28. This trade represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 95,755 shares of company stock worth $10,165,712 in the last quarter. 0.87% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Signaturefd LLC grew its holdings in Ollie’s Bargain Outlet by 6.4% during the second quarter. Signaturefd LLC now owns 1,727 shares of the company’s stock worth $170,000 after buying an additional 104 shares in the last quarter. Trust Point Inc. grew its stake in shares of Ollie’s Bargain Outlet by 1.0% in the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock worth $1,281,000 after acquiring an additional 134 shares in the last quarter. FORA Capital LLC raised its holdings in shares of Ollie’s Bargain Outlet by 3.2% in the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock valued at $467,000 after purchasing an additional 148 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Ollie’s Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 179 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Ollie’s Bargain Outlet by 5.6% during the third quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company’s stock valued at $344,000 after purchasing an additional 188 shares in the last quarter.

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.