Ollie’s Bargain Outlet (NASDAQ:OLLI) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a hold rating to a sell rating in a report published on Tuesday.

A number of other research firms have also recently commented on OLLI. JPMorgan Chase & Co. lifted their target price on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Craig Hallum lifted their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Loop Capital boosted their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Truist Financial boosted their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and lowered their price objective for the company from $125.00 to $111.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $118.07.

Ollie’s Bargain Outlet Stock Up 0.7 %

Shares of NASDAQ OLLI opened at $107.90 on Tuesday. The company has a market capitalization of $6.61 billion, a PE ratio of 32.21, a P/E/G ratio of 2.76 and a beta of 0.81. The firm has a fifty day simple moving average of $108.89 and a 200 day simple moving average of $99.69. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share for the quarter, topping 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 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Transactions at Ollie’s Bargain Outlet

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

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted its stake in shares of 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 purchasing an additional 182 shares during the last quarter. Bogart Wealth LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth $26,000. Blue Trust Inc. lifted its stake in shares of 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 purchasing an additional 101 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter worth $58,000. Finally, UMB Bank n.a. lifted its stake in shares of Ollie’s Bargain Outlet by 25.3% during the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after purchasing an additional 110 shares during the last quarter.

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.