Loop Capital Issues Positive Forecast for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price raised by Loop Capital from $120.00 to $130.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on OLLI. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $105.00 to $107.00 in a research note on Monday, August 26th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and upped their price objective for the stock from $64.00 to $133.00 in a research note on Wednesday, December 18th. UBS Group lifted their target price on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Royal Bank of Canada restated an “outperform” rating and issued a $130.00 price target on shares of Ollie’s Bargain Outlet in a research note on Monday. Finally, Bank of America lifted their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI opened at $117.57 on Monday. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85. The business has a 50-day simple moving average of $98.84 and a two-hundred day simple moving average of $96.77. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week 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 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 business 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 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were 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 owns 3,140 shares of the company’s stock, valued at $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. Insiders sold a total of 90,172 shares of company stock worth $9,878,158 over the last three months. 0.87% of the stock is owned by insiders.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp lifted its holdings in Ollie’s Bargain Outlet by 2.1% during the third quarter. State Street Corp now owns 1,871,047 shares of the company’s stock worth $181,866,000 after buying an additional 38,203 shares during the period. Geode Capital Management LLC grew its stake in Ollie’s Bargain Outlet by 0.9% in the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after purchasing an additional 9,492 shares during the last quarter. Geneva Capital Management LLC raised its holdings in Ollie’s Bargain Outlet by 1.3% in the third quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock worth $102,106,000 after purchasing an additional 13,369 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Ollie’s Bargain Outlet by 5.6% during the second quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock valued at $76,579,000 after buying an additional 41,605 shares during the last quarter. Finally, Fred Alger Management LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 12.1% in the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock valued at $75,052,000 after buying an additional 83,063 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.