Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Consensus Rating of “Moderate Buy” from Analysts

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $118.62.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Truist Financial upped their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price target 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. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th.

Insider Buying and Selling

In other news, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the completion of the sale, the senior vice president now directly owns 3,140 shares in the company, valued at approximately $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John W. Swygert sold 4,032 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $4,940,982. The trade was a 7.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,771 shares of company stock valued at $9,650,832 over the last ninety days. 0.87% of the stock is owned by company insiders.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its holdings in Ollie’s Bargain Outlet by 2.3% during the fourth quarter. New York State Common Retirement Fund now owns 62,124 shares of the company’s stock worth $6,817,000 after buying an additional 1,407 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Ollie’s Bargain Outlet during the fourth quarter worth about $1,279,000. Pembroke Management LTD boosted its holdings in Ollie’s Bargain Outlet by 33.5% during the fourth quarter. Pembroke Management LTD now owns 119,078 shares of the company’s stock worth $13,066,000 after buying an additional 29,902 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in Ollie’s Bargain Outlet by 37.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 3,511 shares of the company’s stock worth $385,000 after buying an additional 951 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Ollie’s Bargain Outlet by 665.2% during the 4th quarter. Venturi Wealth Management LLC now owns 2,701 shares of the company’s stock valued at $296,000 after purchasing an additional 2,348 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $111.51 on Monday. The company has a 50-day simple moving average of $108.40 and a 200-day simple moving average of $99.50. The firm has a market capitalization of $6.83 billion, a P/E ratio of 33.29, a P/E/G ratio of 2.78 and a beta of 0.82. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The business 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 company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

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.