Ollie’s Bargain Outlet (OLLI) Price Target Raised to $90.00

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Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price boosted by Buckingham Research from $75.00 to $90.00 in a research note issued to investors on Thursday. The firm presently has a “neutral” rating on the stock. Buckingham Research’s price target would indicate a potential downside of 2.70% from the company’s previous close.

OLLI has been the subject of a number of other reports. Bank of America downgraded shares of Ollie’s Bargain Outlet from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $75.50 to $68.00 in a research note on Friday, June 22nd. JPMorgan Chase & Co. boosted their target price on shares of Ollie’s Bargain Outlet from $70.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 22nd. BidaskClub raised shares of Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 23rd. Piper Jaffray Companies reiterated an “overweight” rating and set a $99.00 price target on shares of Ollie’s Bargain Outlet in a research report on Tuesday, August 28th. Finally, Morgan Stanley set a $75.00 price target on shares of Ollie’s Bargain Outlet and gave the stock an “equal weight” rating in a research report on Thursday. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $84.69.

Shares of NASDAQ OLLI opened at $92.50 on Thursday. Ollie’s Bargain Outlet has a 1-year low of $42.36 and a 1-year high of $92.75. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 57.11, a P/E/G ratio of 2.18 and a beta of 0.26. The company has a quick ratio of 0.25, a current ratio of 2.51 and a debt-to-equity ratio of 0.01.

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

In other news, COO John W. Swygert sold 51,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $70.01, for a total transaction of $3,570,510.00. Following the completion of the sale, the chief operating officer now owns 57,193 shares in the company, valued at approximately $4,004,081.93. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Kevin Mclain sold 12,667 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $72.64, for a total transaction of $920,130.88. Following the sale, the senior vice president now owns 5,750 shares of the company’s stock, valued at approximately $417,680. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,985,490 shares of company stock valued at $143,390,525. 20.27% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of OLLI. Rhumbline Advisers grew its holdings in Ollie’s Bargain Outlet by 2.6% during the first quarter. Rhumbline Advisers now owns 112,329 shares of the company’s stock valued at $6,773,000 after purchasing an additional 2,819 shares during the period. Comerica Bank grew its holdings in Ollie’s Bargain Outlet by 2.7% during the first quarter. Comerica Bank now owns 51,777 shares of the company’s stock valued at $3,252,000 after purchasing an additional 1,370 shares during the period. Atria Investments LLC grew its holdings in Ollie’s Bargain Outlet by 27.8% during the first quarter. Atria Investments LLC now owns 6,596 shares of the company’s stock valued at $398,000 after purchasing an additional 1,433 shares during the period. Victory Capital Management Inc. grew its holdings in Ollie’s Bargain Outlet by 8.1% during the first quarter. Victory Capital Management Inc. now owns 557,278 shares of the company’s stock valued at $33,604,000 after purchasing an additional 41,736 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Ollie’s Bargain Outlet by 28.6% during the first quarter. Prudential Financial Inc. now owns 121,780 shares of the company’s stock valued at $7,343,000 after purchasing an additional 27,100 shares during the period. Institutional investors own 89.04% of the company’s stock.

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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