StockNews.com Downgrades Ollie’s Bargain Outlet (NASDAQ:OLLI) to Sell

Ollie’s Bargain Outlet (NASDAQ:OLLI) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other equities analysts also recently issued research reports about the company. Loop Capital upped their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $130.00 price target on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. Bank of America lifted their price objective 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. JPMorgan Chase & Co. upped 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, Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their target price for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $104.48 on Wednesday. Ollie’s Bargain Outlet has a 1 year low of $68.05 and a 1 year high of $120.03. The company has a market capitalization of $6.40 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82. The business has a fifty day moving average price of $104.23 and a two-hundred day moving average price of $98.60.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results 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. The company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. Sell-side analysts anticipate that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Activity

In other Ollie’s Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 owns 1,905 shares of the company’s stock, valued at $220,179.90. The trade was a 84.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Insiders sold 87,771 shares of company stock worth $9,650,832 in the last three months. Corporate insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. lifted its stake in Ollie’s Bargain Outlet by 25.3% during the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after purchasing an additional 110 shares during the last quarter. Trust Point Inc. lifted its position in 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 buying an additional 134 shares during the last quarter. FORA Capital LLC boosted its stake in Ollie’s Bargain Outlet by 3.2% in the third quarter. FORA Capital LLC now owns 4,800 shares of the company’s stock worth $467,000 after buying an additional 148 shares in the last quarter. GAMMA Investing LLC grew its position in Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 179 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake 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 worth $344,000 after acquiring an additional 188 shares in the last quarter.

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.