Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Rating Upgraded by StockNews.com

Ollie’s Bargain Outlet (NASDAQ:OLLI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

OLLI has been the subject of a number of other reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. Bank of America increased their price target on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Truist Financial boosted their price objective on shares of 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. Piper Sandler raised their target price on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Loop Capital boosted their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet Trading Down 1.8 %

OLLI stock opened at $117.60 on Friday. The business has a 50 day simple moving average of $100.29 and a 200-day simple moving average of $97.33. The company has a market capitalization of $7.21 billion, a P/E ratio of 35.10, a PEG ratio of 2.79 and a beta of 0.85. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $120.03.

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

Insider Buying and Selling

In other news, CFO Robert F. Helm sold 2,401 shares of the 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 sale, the chief financial officer now directly owns 2,021 shares in the company, valued at $191,348.28. This represents a 54.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 4,032 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,940,982. This represents a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,172 shares of company stock valued at $9,878,158. 0.87% of the stock is owned by insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently bought and sold shares of OLLI. International Assets Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the second quarter valued at $25,000. GAMMA Investing LLC raised its stake in Ollie’s Bargain Outlet by 37.9% in the 3rd 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. Northwest & Ethical Investments L.P. purchased a new position in Ollie’s Bargain Outlet in the 3rd quarter valued at about $117,000. LRI Investments LLC boosted its stake in shares of Ollie’s Bargain Outlet by 2,356.1% during the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after purchasing an additional 1,343 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth about $151,000.

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.