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

Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has been assigned an average recommendation of “Buy” from the sixteen research firms that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $93.07.

A number of brokerages recently weighed in on OLLI. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Credit Suisse Group raised their price target on shares of Ollie’s Bargain Outlet from $89.00 to $103.00 and gave the company an “outperform” rating in a research note on Tuesday, May 14th. They noted that the move was a valuation call. Dougherty & Co began coverage on shares of Ollie’s Bargain Outlet in a research note on Thursday, May 23rd. They issued a “buy” rating and a $115.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of Ollie’s Bargain Outlet from $74.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 27th.

In other news, VP Kenneth Robert Bertram sold 16,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $79.80, for a total transaction of $1,276,800.00. Following the sale, the vice president now owns 21,717 shares of the company’s stock, valued at approximately $1,733,016.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jay Stasz sold 12,500 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $95.00, for a total transaction of $1,187,500.00. Following the sale, the chief financial officer now directly owns 22,903 shares in the company, valued at approximately $2,175,785. The disclosure for this sale can be found here. Insiders sold a total of 228,302 shares of company stock worth $18,804,856 over the last three months. Corporate insiders own 16.36% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in OLLI. Advisory Services Network LLC increased its holdings in Ollie’s Bargain Outlet by 241.8% in the 1st quarter. Advisory Services Network LLC now owns 1,258 shares of the company’s stock valued at $107,000 after purchasing an additional 890 shares during the last quarter. FMR LLC increased its holdings in Ollie’s Bargain Outlet by 1.0% in the 1st quarter. FMR LLC now owns 2,327,464 shares of the company’s stock valued at $198,603,000 after purchasing an additional 23,142 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at approximately $214,000. HighTower Advisors LLC acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at approximately $351,000. Finally, Hilltop Holdings Inc. acquired a new stake in Ollie’s Bargain Outlet in the 1st quarter valued at approximately $336,000. 90.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ OLLI traded down $2.52 during trading on Friday, reaching $95.06. 1,901,614 shares of the company traded hands, compared to its average volume of 841,674. The firm has a market capitalization of $6.19 billion, a P/E ratio of 51.95, a PEG ratio of 1.88 and a beta of 0.94. Ollie’s Bargain Outlet has a 12-month low of $59.72 and a 12-month high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Thursday, June 6th. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The business had revenue of $324.90 million during the quarter, compared to analyst estimates of $319.24 million. Ollie’s Bargain Outlet had a return on equity of 13.71% and a net margin of 10.88%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. Sell-side analysts expect that Ollie’s Bargain Outlet will post 2.15 earnings per share for the current year.

About Ollie’s Bargain Outlet

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, health and beauty 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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