Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price Expected to Rise, UBS Group Analyst Says

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price hoisted by UBS Group from $117.00 to $123.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other brokerages have also recently weighed in on OLLI. JPMorgan Chase & Co. increased their target price on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Royal Bank of Canada increased their target price on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, March 7th. StockNews.com cut Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Craig Hallum increased their target price on Ollie’s Bargain Outlet from $107.00 to $130.00 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 company a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $121.71.

Ollie’s Bargain Outlet Trading Down 2.5 %

OLLI opened at $105.22 on Thursday. The stock has a 50-day moving average price of $105.15 and a 200-day moving average price of $101.40. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $120.03. The stock has a market capitalization of $6.45 billion, a P/E ratio of 31.41, a PEG ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 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 $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. During the same quarter in the previous year, the company posted $1.23 earnings per share. Ollie’s Bargain Outlet’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Ollie’s Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after acquiring an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of 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 worth $26,000 after acquiring an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new position in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $26,000. Blue Trust Inc. raised its position in shares of Ollie’s Bargain Outlet by 55.2% in the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Ollie’s Bargain Outlet in the 4th quarter worth approximately $33,000.

About Ollie’s Bargain Outlet

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.