Ollie’s Bargain Outlet (OLLI) Now Covered by Credit Suisse Group

Investment analysts at Credit Suisse Group initiated coverage on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a report released on Wednesday, Marketbeat reports. The firm set an “outperform” rating and a $68.00 price target on the stock. Credit Suisse Group’s price target would suggest a potential upside of 8.28% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase boosted their target price on shares of Ollie’s Bargain Outlet from $63.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, April 10th. MKM Partners set a $59.00 target price on shares of Ollie’s Bargain Outlet and gave the company a “hold” rating in a report on Thursday, April 5th. Royal Bank of Canada boosted their target price on shares of Ollie’s Bargain Outlet to $63.00 and gave the company an “outperform” rating in a report on Thursday, April 5th. Bank of America lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Thursday, April 5th. Finally, KeyCorp boosted their target price on shares of Ollie’s Bargain Outlet from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, April 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.29.

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NASDAQ:OLLI opened at $62.80 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 0.35 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3,893.94, a price-to-earnings ratio of 50.24, a PEG ratio of 1.73 and a beta of 0.14. Ollie’s Bargain Outlet has a 1-year low of $35.65 and a 1-year high of $64.45.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, April 4th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. The company had revenue of $356.70 million for the quarter, compared to analyst estimates of $349.93 million. Ollie’s Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. Ollie’s Bargain Outlet’s revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. equities analysts expect that Ollie’s Bargain Outlet will post 1.68 EPS for the current fiscal year.

In other news, SVP Kevin Mclain sold 24,326 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $56.09, for a total value of $1,364,445.34. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO John W. Swygert sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $59.32, for a total transaction of $2,966,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,626 shares of company stock worth $5,059,409. Company insiders own 22.25% of the company’s stock.

Several hedge funds have recently modified their holdings of OLLI. Legal & General Group Plc lifted its holdings in shares of Ollie’s Bargain Outlet by 3.9% in the 3rd quarter. Legal & General Group Plc now owns 95,559 shares of the company’s stock worth $4,432,000 after acquiring an additional 3,622 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 6.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 213,364 shares of the company’s stock worth $9,901,000 after acquiring an additional 13,681 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Ollie’s Bargain Outlet by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 913,221 shares of the company’s stock worth $42,372,000 after acquiring an additional 30,822 shares during the last quarter. Stifel Financial Corp increased its stake in Ollie’s Bargain Outlet by 45.0% during the 3rd quarter. Stifel Financial Corp now owns 15,378 shares of the company’s stock worth $720,000 after buying an additional 4,771 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in Ollie’s Bargain Outlet during the 3rd quarter worth approximately $9,666,000. Hedge funds and other institutional investors own 90.95% of the company’s stock.

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Ollie’s Bargain Outlet Company Profile

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, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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

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