Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Price Target at $123.08

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $123.08.

Several equities research analysts have recently issued reports on OLLI shares. Royal Bank of Canada raised their price target on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. UBS Group boosted their target price on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. Morgan Stanley upped their price target on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a research report on Thursday, March 20th. 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, Citigroup upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their target price for the stock from $64.00 to $133.00 in a research report on Wednesday, December 18th.

Ollie’s Bargain Outlet Trading Up 4.5 %

OLLI stock opened at $113.07 on Tuesday. Ollie’s Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $120.03. The stock has a market cap of $6.93 billion, a P/E ratio of 33.75, a P/E/G ratio of 2.21 and a beta of 0.83. The stock’s fifty day simple moving average is $105.83 and its two-hundred day simple moving average is $102.10.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million for the quarter, compared to the consensus estimate of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS. As a group, analysts forecast that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Robert F. Helm sold 2,145 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the transaction, the chief financial officer now owns 3,888 shares of the company’s stock, valued at approximately $421,848. The trade was a 35.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Fisch sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.08, for a total transaction of $675,500.00. Following the completion of the sale, the director now directly owns 22,159 shares in the company, valued at $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several institutional investors have recently modified their holdings of OLLI. Natixis Advisors LLC boosted its stake in shares of Ollie’s Bargain Outlet by 16.1% in the 3rd quarter. Natixis Advisors LLC now owns 28,432 shares of the company’s stock valued at $2,764,000 after purchasing an additional 3,946 shares in the last quarter. Quest Partners LLC purchased a new stake in Ollie’s Bargain Outlet during the third quarter valued at about $196,000. Charles Schwab Investment Management Inc. grew its stake in shares of Ollie’s Bargain Outlet by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after buying an additional 5,438 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new position in shares of Ollie’s Bargain Outlet in the third quarter worth about $222,000. Finally, Loomis Sayles & Co. L P bought a new stake in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at about $16,590,000.

About Ollie’s Bargain Outlet

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.