Ollie’s Bargain Outlet Holdings Inc (OLLI) Receives Average Rating of “Buy” from Brokerages

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Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has earned a consensus recommendation of “Buy” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $87.81.

Several analysts recently issued reports on OLLI shares. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “neutral” rating and set a $75.00 price target on the stock in a report on Monday, July 9th. ValuEngine raised Ollie’s Bargain Outlet from a “buy” rating to a “strong-buy” rating in a report on Friday, September 7th. Bank of America downgraded Ollie’s Bargain Outlet from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $75.50 to $68.00 in a report on Friday, June 22nd. Morgan Stanley set a $75.00 price target on Ollie’s Bargain Outlet and gave the stock an “equal weight” rating in a report on Thursday, September 6th. Finally, MKM Partners raised their price target on Ollie’s Bargain Outlet from $80.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, September 5th.

Shares of NASDAQ OLLI traded down $2.18 during mid-day trading on Thursday, hitting $89.41. The company had a trading volume of 13,109 shares, compared to its average volume of 694,569. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 71.49, a price-to-earnings-growth ratio of 2.19 and a beta of 0.24. Ollie’s Bargain Outlet has a 12 month low of $42.36 and a 12 month high of $97.61. The company has a current ratio of 2.51, a quick ratio of 0.31 and a debt-to-equity ratio of 0.01.

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

In related news, CFO Jay Stasz sold 5,337 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $91.16, for a total value of $486,520.92. Following the transaction, the chief financial officer now directly owns 12,733 shares in the company, valued at approximately $1,160,740.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Omar Segura sold 23,000 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $73.55, for a total value of $1,691,650.00. Following the completion of the transaction, the senior vice president now owns 23,000 shares in the company, valued at $1,691,650. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 596,087 shares of company stock worth $45,433,363. 20.27% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC grew its holdings in shares of Ollie’s Bargain Outlet by 4.5% in the 3rd quarter. Aperio Group LLC now owns 28,758 shares of the company’s stock worth $2,764,000 after acquiring an additional 1,231 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Ollie’s Bargain Outlet by 4.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock worth $1,355,000 after acquiring an additional 600 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Ollie’s Bargain Outlet by 299.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 29,172 shares of the company’s stock worth $2,803,000 after acquiring an additional 21,872 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in shares of Ollie’s Bargain Outlet by 15.5% in the 3rd quarter. Sheets Smith Wealth Management now owns 9,821 shares of the company’s stock worth $944,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter worth $11,513,000. Institutional investors and hedge funds own 88.53% 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.

Further Reading: Book Value Per Share – BVPS

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

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