Ollie’s Bargain Outlet’s (OLLI) Outperform Rating Reiterated at Royal Bank of Canada

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank of Canada in a research note issued to investors on Monday,Benzinga reports. They currently have a $130.00 target price on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 10.25% from the company’s previous close.

Several other equities research analysts have also recently issued reports on OLLI. Gordon Haskett upgraded Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and raised their price objective for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Craig Hallum lifted their price target 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. Truist Financial increased their price objective on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Loop Capital upped their price target on shares of Ollie’s Bargain Outlet from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet has an average rating of “Moderate Buy” and a consensus target price of $118.62.

Ollie’s Bargain Outlet Stock Up 0.2 %

OLLI opened at $117.91 on Monday. The business’s fifty day simple moving average is $98.38 and its 200 day simple moving average is $96.54. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $120.03. The firm has a market cap of $7.23 billion, a P/E ratio of 35.20, a PEG ratio of 2.79 and a beta of 0.85.

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, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, equities analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 6,250 shares of Ollie’s Bargain Outlet stock in a transaction on Monday, December 16th. The stock was sold at an average price of $114.74, for a total transaction of $717,125.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,172 shares of company stock worth $9,878,158. 0.87% of the stock is owned by insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp increased its stake in Ollie’s Bargain Outlet by 2.1% during the 3rd quarter. State Street Corp now owns 1,871,047 shares of the company’s stock valued at $181,866,000 after buying an additional 38,203 shares during the period. Geode Capital Management LLC increased its stake in shares of Ollie’s Bargain Outlet by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock valued at $104,860,000 after acquiring an additional 9,492 shares during the period. Geneva Capital Management LLC raised its holdings in Ollie’s Bargain Outlet by 1.3% during the third quarter. Geneva Capital Management LLC now owns 1,050,469 shares of the company’s stock worth $102,106,000 after purchasing an additional 13,369 shares in the last quarter. American Century Companies Inc. lifted its position in Ollie’s Bargain Outlet by 5.6% in the second quarter. American Century Companies Inc. now owns 780,064 shares of the company’s stock worth $76,579,000 after purchasing an additional 41,605 shares during the period. Finally, Fred Alger Management LLC boosted its stake in Ollie’s Bargain Outlet by 12.1% during the 3rd quarter. Fred Alger Management LLC now owns 772,145 shares of the company’s stock valued at $75,052,000 after purchasing an additional 83,063 shares in the last quarter.

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.