Ollie’s Bargain Outlet (NASDAQ:OLLI) PT Raised to $115.00 at Bank of America

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target lifted by stock analysts at Bank of America from $102.00 to $115.00 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target points to a potential upside of 20.42% from the stock’s previous close.

OLLI has been the topic of a number of other research reports. JPMorgan Chase & Co. reduced their target price on Ollie’s Bargain Outlet from $113.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, August 30th. UBS Group raised their price objective on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Truist Financial raised their price target on Ollie’s Bargain Outlet from $102.00 to $109.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Gordon Haskett raised Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Finally, Wells Fargo & Company raised their price target on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.42.

Ollie’s Bargain Outlet Trading Down 1.7 %

NASDAQ OLLI opened at $95.50 on Monday. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $104.98. The stock’s 50 day moving average is $95.17 and its 200 day moving average is $87.31. The stock has a market cap of $5.85 billion, a PE ratio of 30.13, a P/E/G ratio of 2.55 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Ollie’s Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. The business had revenue of $578.38 million for the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s revenue was up 12.4% compared to the same quarter last year. On average, analysts forecast that Ollie’s Bargain Outlet will post 3.28 EPS for the current fiscal year.

Insider Activity at Ollie’s Bargain Outlet

In related news, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total transaction of $224,278.01. Following the completion of the transaction, the senior vice president now directly owns 2,732 shares in the company, valued at $284,592.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $104.17, for a total value of $224,278.01. Following the sale, the senior vice president now directly owns 2,732 shares of the company’s stock, valued at $284,592.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Der Valk Eric Van sold 7,479 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $100.32, for a total value of $750,293.28. Following the completion of the sale, the president now directly owns 5,615 shares in the company, valued at $563,296.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,632 shares of company stock worth $2,459,421. 0.87% of the stock is owned by corporate insiders.

Institutional Trading of Ollie’s Bargain Outlet

A number of institutional investors have recently made changes to their positions in OLLI. International Assets Investment Management LLC acquired a new position in Ollie’s Bargain Outlet during the second quarter worth $25,000. ORG Partners LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $28,000. Opal Wealth Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $31,000. Crewe Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at about $36,000. Finally, Versant Capital Management Inc acquired a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $38,000.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.