Piper Jaffray Companies Reaffirms Buy Rating for Ollie's Bargain Outlet (OLLI)

Ollie's Bargain Outlet (NASDAQ:OLLI)‘s stock had its “buy” rating restated by investment analysts at Piper Jaffray Companies in a report issued on Tuesday, January 9th. They currently have a $71.00 price objective on the stock. Piper Jaffray Companies’ target price would indicate a potential upside of 32.09% from the stock’s current price.

Several other research firms have also issued reports on OLLI. Wells Fargo & Co started coverage on shares of Ollie's Bargain Outlet in a report on Friday, November 3rd. They issued a “market perform” rating and a $45.00 target price on the stock. Morgan Stanley started coverage on shares of Ollie's Bargain Outlet in a report on Monday, September 25th. They set an “equal weight” rating and a $46.00 price objective on the stock. BidaskClub upgraded shares of Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, September 19th. Finally, Jefferies Group upped their price objective on shares of Ollie's Bargain Outlet to $57.00 and gave the company a “buy” rating in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $51.54.

Ollie's Bargain Outlet (OLLI) opened at $53.75 on Tuesday. The stock has a market cap of $3,406.55, a price-to-earnings ratio of 48.89, a P/E/G ratio of 1.42 and a beta of 0.18. The company has a quick ratio of 0.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.16. Ollie's Bargain Outlet has a fifty-two week low of $30.55 and a fifty-two week high of $58.50.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $238.10 million for the quarter, compared to analyst estimates of $233.77 million. Ollie's Bargain Outlet had a net margin of 8.17% and a return on equity of 10.55%. Ollie's Bargain Outlet’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. equities analysts expect that Ollie's Bargain Outlet will post 1.24 EPS for the current year.

In other news, Director Thomas Hendrickson sold 9,116 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $55.76, for a total transaction of $508,308.16. Following the completion of the sale, the director now directly owns 1,233 shares of the company’s stock, valued at $68,752.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Mark L. Butler sold 227,843 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $47.02, for a total transaction of $10,713,177.86. Following the sale, the chief executive officer now directly owns 4,356 shares of the company’s stock, valued at $204,819.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 992,956 shares of company stock valued at $47,481,779. 22.25% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in Ollie's Bargain Outlet by 27.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 208,271 shares of the company’s stock worth $8,872,000 after purchasing an additional 44,743 shares in the last quarter. Wasatch Advisors Inc. grew its position in Ollie's Bargain Outlet by 1.2% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock worth $133,625,000 after purchasing an additional 37,517 shares in the last quarter. Northern Trust Corp grew its position in Ollie's Bargain Outlet by 70.9% in the 2nd quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock worth $25,954,000 after purchasing an additional 252,781 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Ollie's Bargain Outlet in the 3rd quarter worth about $597,000. Finally, Schwab Charles Investment Management Inc. grew its position in Ollie's Bargain Outlet by 31.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 199,683 shares of the company’s stock worth $8,507,000 after purchasing an additional 48,299 shares in the last quarter. 89.57% of the stock is owned by institutional investors and hedge funds.

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Ollie's Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

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