Piper Sandler Cuts Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target to $124.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective reduced by Piper Sandler from $126.00 to $124.00 in a research note released on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other equities analysts have also recently weighed in on the company. Bank of America lifted their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Loop Capital lifted their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lifted their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Trading Up 1.6 %

NASDAQ:OLLI opened at $106.88 on Thursday. The stock has a market cap of $6.55 billion, a P/E ratio of 31.90, a PEG ratio of 2.21 and a beta of 0.83. The stock has a 50 day simple moving average of $105.16 and a 200 day simple moving average of $101.61. Ollie’s Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 earnings per share. As a group, sell-side analysts forecast that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ollie’s Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after acquiring an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in Ollie’s Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after acquiring an additional 182 shares during the last quarter. Bogart Wealth LLC bought a new stake in Ollie’s Bargain Outlet during the 4th quarter worth $26,000. Blue Trust Inc. grew its position in Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $33,000.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.