Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Consensus Rating of “Moderate Buy” by Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $118.62.

A number of equities analysts recently weighed in on the company. Craig Hallum upped their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Piper Sandler lifted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Wells Fargo & Company boosted their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $130.00 target price on shares of Ollie’s Bargain Outlet in a research note on Monday, December 23rd.

Ollie’s Bargain Outlet Stock Up 0.9 %

Shares of OLLI opened at $104.45 on Thursday. The company has a market capitalization of $6.40 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 2.79 and a beta of 0.82. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $120.03. The stock’s 50-day moving average price is $103.37 and its 200-day moving average price is $98.44.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $518.83 million. During the same period in the previous year, the company posted $0.51 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Larry Kraus sold 10,646 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the transaction, the senior vice president now directly owns 1,905 shares in the company, valued at approximately $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John W. Swygert sold 4,032 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. This trade represents a 7.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,172 shares of company stock worth $9,878,158. 0.87% of the stock is owned by corporate insiders.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of OLLI. Commonwealth Equity Services LLC boosted its position in shares of Ollie’s Bargain Outlet by 6.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,574 shares of the company’s stock worth $744,000 after purchasing an additional 433 shares during the period. National Bank of Canada FI grew its stake in shares of Ollie’s Bargain Outlet by 1,058.1% in the second quarter. National Bank of Canada FI now owns 2,571 shares of the company’s stock valued at $253,000 after buying an additional 2,349 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Ollie’s Bargain Outlet by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 17,180 shares of the company’s stock valued at $1,687,000 after buying an additional 253 shares during the period. MGO One Seven LLC lifted its stake in Ollie’s Bargain Outlet by 8.9% during the 2nd quarter. MGO One Seven LLC now owns 14,182 shares of the company’s stock worth $1,392,000 after acquiring an additional 1,154 shares in the last quarter. Finally, AGF Management Ltd. boosted its holdings in Ollie’s Bargain Outlet by 4.1% during the 2nd quarter. AGF Management Ltd. now owns 29,245 shares of the company’s stock valued at $2,871,000 after acquiring an additional 1,154 shares during the period.

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.