Ollie’s Bargain Outlet (OLLI) Downgraded by ValuEngine to Buy

ValuEngine downgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning.

OLLI has been the topic of a number of other reports. KeyCorp upped their target price on shares of Ollie’s Bargain Outlet from $100.00 to $108.00 and gave the stock a positive rating in a research report on Monday, October 1st. BidaskClub raised shares of Ollie’s Bargain Outlet from a buy rating to a strong-buy rating in a research report on Wednesday, November 28th. Morgan Stanley set a $82.00 target price on shares of Ollie’s Bargain Outlet and gave the stock a hold rating in a research report on Monday, October 22nd. Bank of America raised shares of Ollie’s Bargain Outlet from an underperform rating to a buy rating in a research report on Monday, August 20th. Finally, Credit Suisse Group upped their target price on shares of Ollie’s Bargain Outlet from $92.00 to $96.00 and gave the stock an outperform rating in a research report on Thursday, September 6th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $90.33.

Shares of NASDAQ:OLLI traded up $0.32 during midday trading on Thursday, reaching $72.22. The company’s stock had a trading volume of 407,790 shares, compared to its average volume of 622,303. The company has a market capitalization of $5.44 billion, a PE ratio of 57.77, a P/E/G ratio of 1.97 and a beta of 0.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.03 and a quick ratio of 0.31. Ollie’s Bargain Outlet has a 12-month low of $47.76 and a 12-month high of $97.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, December 4th. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $283.60 million for the quarter, compared to the consensus estimate of $278.62 million. Ollie’s Bargain Outlet had a net margin of 12.89% and a return on equity of 12.66%. The company’s revenue was up 19.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 EPS. Equities analysts anticipate that Ollie’s Bargain Outlet will post 1.77 EPS for the current fiscal year.

In other news, SVP Omar Segura sold 13,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $91.06, for a total transaction of $1,183,780.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jay Stasz sold 5,337 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $91.16, for a total transaction of $486,520.92. Following the sale, the chief financial officer now directly owns 12,733 shares in the company, valued at approximately $1,160,740.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 485,337 shares of company stock worth $44,137,101. Insiders own 20.27% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sapphire Star Partners LP lifted its stake in shares of Ollie’s Bargain Outlet by 5.0% in the 3rd quarter. Sapphire Star Partners LP now owns 11,528 shares of the company’s stock worth $1,108,000 after purchasing an additional 551 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of Ollie’s Bargain Outlet by 4.4% in the 3rd quarter. Louisiana State Employees Retirement System now owns 14,100 shares of the company’s stock worth $1,355,000 after purchasing an additional 600 shares during the period. State Treasurer State of Michigan lifted its stake in shares of Ollie’s Bargain Outlet by 3.3% in the 3rd quarter. State Treasurer State of Michigan now owns 19,000 shares of the company’s stock worth $1,826,000 after purchasing an additional 600 shares during the period. Hilltop Holdings Inc. lifted its stake in shares of Ollie’s Bargain Outlet by 11.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 5,712 shares of the company’s stock worth $548,000 after purchasing an additional 609 shares during the period. Finally, United Services Automobile Association lifted its stake in shares of Ollie’s Bargain Outlet by 8.6% in the 2nd quarter. United Services Automobile Association now owns 8,072 shares of the company’s stock worth $585,000 after purchasing an additional 640 shares during the period. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: How is the discount rate different from the Federal Funds rate?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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