Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $104.92.

A number of equities research analysts recently issued reports on OLLI shares. UBS Group increased their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. StockNews.com downgraded Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 22nd. Bank of America upped their price objective on shares of Ollie’s Bargain Outlet from $102.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Gordon Haskett raised shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $105.00 to $107.00 in a research note on Monday, August 26th. Finally, Royal Bank of Canada raised their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $106.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd.

Insider Buying and Selling

In other news, SVP Kevin Mclain sold 15,000 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now owns 10,610 shares of the company’s stock, valued at approximately $1,050,283.90. The trade was a 58.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares of the company’s stock, valued at $191,348.28. This trade represents a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,880 shares of company stock valued at $2,462,470 over the last three months. 0.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Ollie’s Bargain Outlet in the second quarter worth $25,000. Opal Wealth Advisors LLC purchased a new stake in Ollie’s Bargain Outlet in the second quarter worth about $31,000. Crewe Advisors LLC bought a new position in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $36,000. Versant Capital Management Inc bought a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter worth approximately $38,000. Finally, GAMMA Investing LLC grew its stake in shares of Ollie’s Bargain Outlet by 686.7% in the 2nd quarter. GAMMA Investing LLC now owns 472 shares of the company’s stock worth $46,000 after buying an additional 412 shares during the last quarter.

Ollie’s Bargain Outlet Trading Down 0.9 %

Shares of OLLI stock opened at $89.40 on Wednesday. The firm’s 50 day moving average is $95.18 and its 200 day moving average is $92.24. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $104.98. The stock has a market capitalization of $5.48 billion, a P/E ratio of 27.26, a PEG ratio of 2.29 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The company had revenue of $578.38 million for the quarter, compared to analyst estimates of $561.60 million. During the same period in the previous year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts predict that Ollie’s Bargain Outlet will post 3.27 EPS for the current year.

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.