Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Average Rating of “Moderate Buy” by Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been given an average rating of “Moderate Buy” by the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $123.08.

Several brokerages have issued reports on OLLI. Loop Capital boosted their price target on shares of Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Truist Financial increased their price target on shares of Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler decreased their price objective on Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their target price for the stock from $125.00 to $111.00 in a report on Tuesday, February 4th. Finally, Wells Fargo & Company boosted their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $113.24 on Tuesday. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $120.03. The stock has a market capitalization of $6.94 billion, a PE ratio of 33.80, a P/E/G ratio of 2.21 and a beta of 0.83. The stock has a 50-day simple moving average of $105.96 and a 200 day simple moving average of $102.31.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The firm had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. Ollie’s Bargain Outlet’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 EPS. As a group, equities research analysts forecast that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Activity

In other Ollie’s Bargain Outlet news, Director Robert Fisch sold 6,250 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the transaction, the director now directly owns 22,159 shares in the company, valued at approximately $2,394,944.72. This trade represents a 22.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John W. Swygert sold 6,526 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $107.87, for a total value of $703,959.62. Following the sale, the chairman now owns 53,432 shares of the company’s stock, valued at approximately $5,763,709.84. The trade was a 10.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,153 shares of company stock worth $2,200,844. 0.87% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several large investors have recently bought and sold shares of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Ollie’s Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $25,000 after acquiring an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Ollie’s Bargain Outlet by 337.0% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after purchasing an additional 182 shares during the period. Bogart Wealth LLC bought a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at about $26,000. Blue Trust Inc. lifted its stake in Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 101 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in Ollie’s Bargain Outlet during the fourth quarter worth about $33,000.

Ollie’s Bargain Outlet Company Profile

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.