Ollie's Bargain Outlet Holdings Inc (OLLI) Receives $51.54 Average Price Target from Analysts

Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) has earned a consensus rating of “Buy” from the sixteen ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $51.54.

A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Ollie's Bargain Outlet from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 16th. KeyCorp reaffirmed a “buy” rating and issued a $50.00 price target on shares of Ollie's Bargain Outlet in a research note on Friday, September 29th. Piper Jaffray Companies reissued a “buy” rating and issued a $71.00 target price on shares of Ollie's Bargain Outlet in a research note on Tuesday, January 9th. Stephens reissued an “overweight” rating and issued a $56.00 target price (up from $54.00) on shares of Ollie's Bargain Outlet in a research note on Monday, January 8th. Finally, Morgan Stanley initiated coverage on shares of Ollie's Bargain Outlet in a research note on Monday, September 25th. They issued an “equal weight” rating and a $46.00 target price on the stock.

Shares of Ollie's Bargain Outlet (NASDAQ OLLI) traded up $1.55 during trading on Tuesday, reaching $56.60. 474,417 shares of the company were exchanged, compared to its average volume of 657,999. The stock has a market cap of $3,490.00 and a price-to-earnings ratio of 44.22. Ollie's Bargain Outlet has a 1 year low of $28.90 and a 1 year high of $56.65. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.53 and a quick ratio of 0.36.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The firm 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 quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the company posted $0.17 EPS. equities analysts anticipate that Ollie's Bargain Outlet will post 1.24 EPS for the current fiscal year.

In other Ollie's Bargain Outlet news, CFO John W. Swygert sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $52.20, for a total value of $3,132,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Howard Freedman sold 11,500 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $48.50, for a total transaction of $557,750.00. Following the sale, the vice president now owns 40,870 shares of the company’s stock, valued at approximately $1,982,195. The disclosure for this sale can be found here. Insiders sold a total of 983,840 shares of company stock worth $46,973,471 over the last three months. Corporate insiders own 22.25% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Inc. increased its holdings in shares of Ollie's Bargain Outlet by 23.2% during the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after buying an additional 537 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Ollie's Bargain Outlet by 14.9% during the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after buying an additional 447 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Ollie's Bargain Outlet by 165.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock worth $178,000 after buying an additional 2,604 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Ollie's Bargain Outlet by 302.7% during the 2nd quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock worth $182,000 after buying an additional 3,200 shares during the last quarter. Finally, First Heartland Consultants Inc. acquired a new stake in shares of Ollie's Bargain Outlet during the 3rd quarter worth approximately $207,000. Institutional investors and hedge funds own 89.66% of the company’s stock.

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About Ollie's Bargain Outlet

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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