Ollie’s Bargain Outlet (OLLI) PT Set at $75.00 by Morgan Stanley

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Morgan Stanley set a $75.00 target price on Ollie’s Bargain Outlet (NASDAQ:OLLI) in a research note released on Thursday, MarketBeat Ratings reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also issued reports on OLLI. Zacks Investment Research lowered Ollie’s Bargain Outlet from a buy rating to a hold rating in a research report on Thursday, August 30th. BidaskClub lowered Ollie’s Bargain Outlet from a strong-buy rating to a buy rating in a research report on Friday, June 8th. MKM Partners upped their target price on Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the company a neutral rating in a research report on Wednesday. Wells Fargo & Co upped their target price on Ollie’s Bargain Outlet from $58.00 to $68.00 and gave the company a market perform rating in a research report on Wednesday, June 6th. Finally, KeyCorp upped their target price on Ollie’s Bargain Outlet from $80.00 to $100.00 and gave the company an overweight rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Ollie’s Bargain Outlet has a consensus rating of Buy and an average price target of $84.69.

NASDAQ OLLI traded up $3.45 on Thursday, reaching $91.40. The company had a trading volume of 21,347 shares, compared to its average volume of 564,495. Ollie’s Bargain Outlet has a 1 year low of $42.36 and a 1 year high of $89.85. The stock has a market cap of $5.52 billion, a PE ratio of 71.84, a P/E/G ratio of 2.22 and a beta of 0.26. The company has a quick ratio of 0.25, a current ratio of 2.18 and a debt-to-equity ratio of 0.02.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.80% and a net margin of 12.88%. The company had revenue of $288.10 million for the quarter, compared to analyst estimates of $284.19 million. During the same period in the prior year, the company posted $0.27 EPS. Ollie’s Bargain Outlet’s quarterly revenue was up 13.1% on a year-over-year basis. sell-side analysts anticipate that Ollie’s Bargain Outlet will post 1.73 EPS for the current fiscal year.

In related news, SVP Omar Segura sold 24,573 shares of the company’s stock in a transaction that occurred on Tuesday, July 17th. The stock was sold at an average price of $74.06, for a total transaction of $1,819,876.38. Following the sale, the senior vice president now directly owns 12,927 shares of the company’s stock, valued at approximately $957,373.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO John W. Swygert sold 51,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $70.01, for a total value of $3,570,510.00. Following the sale, the chief operating officer now directly owns 57,193 shares in the company, valued at $4,004,081.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,985,490 shares of company stock worth $143,390,525. Corporate insiders own 20.27% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc raised its position in shares of Ollie’s Bargain Outlet by 135.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 12,500 shares of the company’s stock valued at $912,000 after acquiring an additional 7,200 shares in the last quarter. Fred Alger Management Inc. grew its stake in Ollie’s Bargain Outlet by 15.9% during the 2nd quarter. Fred Alger Management Inc. now owns 838,382 shares of the company’s stock worth $60,783,000 after buying an additional 114,899 shares during the last quarter. GSA Capital Partners LLP bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $1,330,000. Yorktown Management & Research Co Inc grew its stake in Ollie’s Bargain Outlet by 6.6% during the 2nd quarter. Yorktown Management & Research Co Inc now owns 12,900 shares of the company’s stock worth $935,000 after buying an additional 800 shares during the last quarter. Finally, Retirement Systems of Alabama bought a new position in Ollie’s Bargain Outlet during the 2nd quarter worth $4,683,000. 89.04% of the stock is currently owned by institutional investors and hedge funds.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Analyst Recommendations for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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