Ollie’s Bargain Outlet (NASDAQ:OLLI) PT Raised to $80.00

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) had its target price boosted by research analysts at Truist Financial from $78.00 to $80.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price would indicate a potential upside of 2.34% from the stock’s current price.

Other analysts also recently issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and set a $86.00 target price on shares of Ollie’s Bargain Outlet in a research note on Thursday. TheStreet downgraded shares of Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a report on Thursday, December 14th. UBS Group raised their target price on shares of Ollie’s Bargain Outlet from $92.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. decreased their price target on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group raised their price objective on Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.08.

View Our Latest Research Report on OLLI

Ollie’s Bargain Outlet Stock Down 1.8 %

OLLI stock opened at $78.17 on Thursday. The business’s 50-day moving average price is $76.04 and its 200-day moving average price is $75.46. The stock has a market cap of $4.81 billion, a P/E ratio of 26.77 and a beta of 0.76. Ollie’s Bargain Outlet has a twelve month low of $52.93 and a twelve month high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The firm had revenue of $648.90 million for the quarter, compared to the consensus estimate of $649.39 million. During the same period last year, the firm earned $0.84 EPS. The company’s revenue was up 18.0% on a year-over-year basis. On average, equities research analysts expect that Ollie’s Bargain Outlet will post 3.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO John W. Swygert sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,979,874. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO John W. Swygert sold 2,342 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $75.23, for a total value of $176,188.66. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at $3,626,086. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Swygert sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $82.57, for a total value of $412,850.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,979,874. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently made changes to their positions in the company. Operose Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the 3rd quarter valued at about $26,000. Covestor Ltd raised its stake in Ollie’s Bargain Outlet by 48.0% in the second quarter. Covestor Ltd now owns 530 shares of the company’s stock worth $31,000 after buying an additional 172 shares in the last quarter. Huntington National Bank lifted its holdings in Ollie’s Bargain Outlet by 204.4% during the second quarter. Huntington National Bank now owns 554 shares of the company’s stock worth $32,000 after buying an additional 372 shares during the period. Creative Planning bought a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at $46,000. Finally, KBC Group NV purchased a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at $70,000.

About Ollie’s Bargain Outlet

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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.

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