Ollie's Bargain Outlet (OLLI) PT Raised to $65.00 at KeyCorp

Ollie's Bargain Outlet (NASDAQ:OLLI) had its price objective increased by KeyCorp from $60.00 to $65.00 in a research note published on Thursday morning, MarketBeat.com reports. KeyCorp currently has an overweight rating on the stock. KeyCorp also issued estimates for Ollie's Bargain Outlet’s Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.36 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.63 EPS and FY2020 earnings at $1.95 EPS.

A number of other research analysts have also recently weighed in on OLLI. Zacks Investment Research raised shares of Ollie's Bargain Outlet from a hold rating to a buy rating and set a $57.00 price objective for the company in a research note on Thursday, December 7th. BidaskClub raised shares of Ollie's Bargain Outlet from a hold rating to a buy rating in a research note on Thursday, December 7th. Piper Jaffray reissued an overweight rating and set a $61.00 price objective on shares of Ollie's Bargain Outlet in a research note on Thursday, December 7th. JPMorgan Chase raised their price objective on shares of Ollie's Bargain Outlet from $47.00 to $61.00 in a research note on Thursday, December 7th. Finally, Morgan Stanley set a $48.00 price objective on shares of Ollie's Bargain Outlet and gave the stock a hold rating in a research note on Thursday, December 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $55.92.

How to Become a New Pot Stock Millionaire

Shares of OLLI opened at $58.95 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.22 and a quick ratio of 0.36. Ollie's Bargain Outlet has a 1-year low of $33.20 and a 1-year high of $62.05. The company has a market cap of $3,666.87, a PE ratio of 47.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.14.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Ollie's Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. The business had revenue of $356.70 million during the quarter, compared to analysts’ expectations of $349.93 million. During the same period last year, the company posted $0.39 EPS. The company’s revenue was up 25.9% on a year-over-year basis. sell-side analysts expect that Ollie's Bargain Outlet will post 1.67 earnings per share for the current fiscal year.

In other Ollie's Bargain Outlet news, Director Thomas Hendrickson sold 9,116 shares of Ollie's Bargain Outlet stock in a transaction on Friday, January 19th. The shares were sold at an average price of $55.76, for a total value of $508,308.16. Following the transaction, the director now owns 1,233 shares in the company, valued at approximately $68,752.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kenneth Robert Bertram sold 4,000 shares of Ollie's Bargain Outlet stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $59.65, for a total transaction of $238,600.00. Following the completion of the transaction, the vice president now owns 7,958 shares in the company, valued at approximately $474,694.70. The disclosure for this sale can be found here. Insiders sold a total of 95,742 shares of company stock valued at $5,567,718 over the last ninety days. 22.25% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in OLLI. Carillon Tower Advisers Inc. acquired a new position in shares of Ollie's Bargain Outlet in the 4th quarter valued at $58,331,000. Bamco Inc. NY boosted its holdings in shares of Ollie's Bargain Outlet by 252.2% in the 4th quarter. Bamco Inc. NY now owns 519,774 shares of the company’s stock valued at $27,678,000 after purchasing an additional 372,206 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Ollie's Bargain Outlet in the 3rd quarter valued at $9,666,000. BlackRock Inc. boosted its holdings in shares of Ollie's Bargain Outlet by 3.1% in the 4th quarter. BlackRock Inc. now owns 6,057,562 shares of the company’s stock valued at $322,567,000 after purchasing an additional 179,875 shares during the last quarter. Finally, Fred Alger Management Inc. boosted its holdings in shares of Ollie's Bargain Outlet by 38.4% in the 4th quarter. Fred Alger Management Inc. now owns 626,056 shares of the company’s stock valued at $33,337,000 after purchasing an additional 173,577 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/09/ollies-bargain-outlet-olli-pt-raised-to-65-00-at-keycorp.html.

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)

Receive News & Ratings for Ollie's Bargain Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply