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

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

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Wells Fargo & Company upped their target price on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Truist Financial lifted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada restated an “outperform” rating and set a $130.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Monday, December 23rd. Finally, Piper Sandler increased their price target on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet Stock Up 2.3 %

OLLI stock opened at $106.86 on Wednesday. Ollie’s Bargain Outlet has a 52-week low of $68.05 and a 52-week high of $120.03. The company’s 50-day simple moving average is $104.39 and its 200-day simple moving average is $98.66. The firm has a market cap of $6.55 billion, a P/E ratio of 31.90, a PEG ratio of 2.63 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 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 analysts’ expectations of $518.83 million. During the same period in the previous year, the business earned $0.51 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. On average, analysts anticipate that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, Director Thomas Hendrickson sold 6,250 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP James J. Comitale sold 5,325 shares of Ollie’s Bargain Outlet stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total transaction of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares in the company, valued at $357,803. This represents a 62.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 87,771 shares of company stock worth $9,650,832 over the last ninety days. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds have recently modified their holdings of the business. UMB Bank n.a. boosted its stake in 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 period. GAMMA Investing LLC increased its position in Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 179 shares during the period. Park Place Capital Corp acquired a new stake in Ollie’s Bargain Outlet during the 4th quarter worth approximately $77,000. Eagle Bay Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet in the fourth quarter valued at approximately $79,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth $117,000.

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.