Ollie’s Bargain Outlet (OLLI) Price Target Raised to $100.00

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Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target raised by research analysts at KeyCorp from $80.00 to $100.00 in a research note issued on Thursday, The Fly reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 8.11% from the company’s previous close.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Co increased their price objective on Ollie’s Bargain Outlet from $68.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday. MKM Partners increased their price objective on Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday. Zacks Investment Research cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $99.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Tuesday, August 28th. Finally, BidaskClub raised Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 23rd. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Ollie’s Bargain Outlet currently has a consensus rating of “Buy” and a consensus target price of $84.69.

NASDAQ OLLI opened at $92.50 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.25 and a current ratio of 2.51. Ollie’s Bargain Outlet has a 12 month low of $42.36 and a 12 month high of $92.75. The firm has a market capitalization of $5.48 billion, a PE ratio of 57.11, a P/E/G ratio of 2.18 and a beta of 0.26.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, September 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.48% and a net margin of 12.88%. The company had revenue of $288.10 million for the quarter, compared to analysts’ expectations of $284.19 million. During the same period last year, the firm posted $0.27 earnings per share. Ollie’s Bargain Outlet’s revenue was up 13.1% compared to the same quarter last year. equities analysts anticipate that Ollie’s Bargain Outlet will post 1.75 earnings per share for the current year.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 300,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $67.48, for a total value of $20,244,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kevin Mclain sold 12,667 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $72.64, for a total value of $920,130.88. Following the completion of the transaction, the senior vice president now directly owns 5,750 shares in the company, valued at $417,680. The disclosure for this sale can be found here. Insiders sold 1,985,490 shares of company stock worth $143,390,525 over the last three months. Insiders own 20.27% of the company’s stock.

A number of large investors have recently made changes to their positions in OLLI. Rhumbline Advisers raised its stake in shares of Ollie’s Bargain Outlet by 2.6% in the first quarter. Rhumbline Advisers now owns 112,329 shares of the company’s stock worth $6,773,000 after buying an additional 2,819 shares during the period. Comerica Bank raised its stake in shares of Ollie’s Bargain Outlet by 2.7% in the first quarter. Comerica Bank now owns 51,777 shares of the company’s stock worth $3,252,000 after buying an additional 1,370 shares during the period. Atria Investments LLC raised its stake in shares of Ollie’s Bargain Outlet by 27.8% in the first quarter. Atria Investments LLC now owns 6,596 shares of the company’s stock worth $398,000 after buying an additional 1,433 shares during the period. Victory Capital Management Inc. raised its stake in shares of Ollie’s Bargain Outlet by 8.1% in the first quarter. Victory Capital Management Inc. now owns 557,278 shares of the company’s stock worth $33,604,000 after buying an additional 41,736 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Ollie’s Bargain Outlet by 28.6% in the first quarter. Prudential Financial Inc. now owns 121,780 shares of the company’s stock worth $7,343,000 after buying an additional 27,100 shares during the period. 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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