Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Average Rating of “Moderate Buy” from Analysts

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $118.07.

A number of brokerages recently issued reports on OLLI. Wells Fargo & Company lifted their price target on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Loop Capital boosted their target price on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Craig Hallum increased their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Truist Financial boosted their price objective on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Bank of America increased their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other news, Director Thomas Hendrickson sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Kraus sold 10,646 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the transaction, the senior vice president now directly owns 1,905 shares of the company’s stock, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB increased its stake in Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $26,000. Blue Trust Inc. increased its stake in shares of Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Tortoise Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth $45,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in Ollie’s Bargain Outlet during the fourth quarter valued at $58,000.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $104.71 on Monday. The firm has a 50-day moving average of $108.89 and a two-hundred day moving average of $99.69. The stock has a market cap of $6.42 billion, a P/E ratio of 31.26, a PEG ratio of 2.76 and a beta of 0.81. Ollie’s Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $120.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The firm had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts expect that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Ollie’s Bargain Outlet Company Profile

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.