MKM Partners Analysts Give Ollie's Bargain Outlet (OLLI) a $59.00 Price Target

Ollie's Bargain Outlet (NASDAQ:OLLI) has been assigned a $59.00 target price by analysts at MKM Partners in a research note issued on Thursday. The brokerage currently has a “hold” rating on the stock. MKM Partners’ target price suggests a potential upside of 0.08% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on OLLI. Zacks Investment Research upgraded Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, December 7th. BidaskClub upgraded Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Thursday, December 7th. Piper Jaffray restated an “overweight” rating and issued a $61.00 price objective on shares of Ollie's Bargain Outlet in a research note on Thursday, December 7th. KeyCorp restated a “buy” rating and issued a $55.00 price objective (up from $50.00) on shares of Ollie's Bargain Outlet in a research note on Thursday, December 7th. Finally, JPMorgan Chase boosted their price objective on Ollie's Bargain Outlet from $47.00 to $61.00 in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.92.

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Shares of Ollie's Bargain Outlet stock opened at $58.95 on Thursday. Ollie's Bargain Outlet has a 52-week low of $33.20 and a 52-week high of $62.05. The stock has a market capitalization of $3,727.17, a P/E ratio of 47.16, a PEG ratio of 1.56 and a beta of 0.14. The company has a current ratio of 2.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.16.

Ollie's Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Ollie's Bargain Outlet had a return on equity of 11.62% and a net margin of 11.85%. The business had revenue of $356.70 million for the quarter, compared to analysts’ expectations of $349.93 million. During the same period in the previous year, the business posted $0.39 EPS. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. sell-side analysts forecast that Ollie's Bargain Outlet will post 1.66 EPS for the current year.

In other news, VP Howard Freedman sold 8,300 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $59.08, for a total transaction of $490,364.00. Following the sale, the vice president now directly owns 34,670 shares in the company, valued at $2,048,303.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kenneth Robert Bertram sold 4,000 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $59.65, for a total value of $238,600.00. Following the sale, the vice president now owns 7,958 shares in the company, valued at $474,694.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,742 shares of company stock worth $5,567,718. Company insiders own 22.25% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in OLLI. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ollie's Bargain Outlet by 50.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock valued at $158,000 after buying an additional 992 shares during the period. Navellier & Associates Inc bought a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth approximately $201,000. First Heartland Consultants Inc. bought a new position in shares of Ollie's Bargain Outlet in the third quarter worth approximately $207,000. Shelton Capital Management bought a new position in shares of Ollie's Bargain Outlet in the third quarter worth approximately $213,000. Finally, Stone Ridge Asset Management LLC bought a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth approximately $234,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

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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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