Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Rating Upgraded by StockNews.com

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company raised their price objective on Ollie’s Bargain Outlet from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, February 6th. Piper Sandler increased their target price on Ollie’s Bargain Outlet from $60.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday, February 28th. Jefferies Financial Group reduced their target price on Ollie’s Bargain Outlet from $65.00 to $60.00 in a report on Thursday, December 8th. UBS Group reduced their target price on Ollie’s Bargain Outlet to $54.00 in a report on Monday, December 12th. Finally, Citigroup reduced their target price on Ollie’s Bargain Outlet from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, December 8th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $60.67.

Ollie’s Bargain Outlet Stock Down 1.0 %

OLLI opened at $52.23 on Wednesday. The firm has a market cap of $3.25 billion, a PE ratio of 34.82, a P/E/G ratio of 1.84 and a beta of 0.96. The business has a fifty day simple moving average of $55.17 and a 200-day simple moving average of $54.63. Ollie’s Bargain Outlet has a fifty-two week low of $39.60 and a fifty-two week high of $72.27.

Institutional Trading of Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal London Asset Management Ltd. bought a new position in Ollie’s Bargain Outlet during the first quarter valued at about $41,301,000. Norges Bank bought a new position in Ollie’s Bargain Outlet during the fourth quarter valued at about $28,482,000. Segall Bryant & Hamill LLC bought a new position in Ollie’s Bargain Outlet during the third quarter valued at about $29,454,000. Point72 Asset Management L.P. bought a new position in Ollie’s Bargain Outlet during the fourth quarter valued at about $24,742,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Ollie’s Bargain Outlet by 14.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,006,215 shares of the company’s stock valued at $235,365,000 after buying an additional 518,390 shares in the last quarter.

Ollie’s Bargain Outlet Company Profile

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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.