By otakuyassine3@gmail.com 
StockNews.com upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI – Free Report) from a sell rating to a hold rating in a report released on Saturday.
Other equities analysts have also recently issued reports about the company. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and increased their target price for the stock from $64.00 to $133.00 in a report on Wednesday, December 18th. Royal Bank of Canada reissued an “outperform” rating and set a $130.00 price objective on shares of Ollie’s Bargain Outlet in a report on Monday, December 23rd. Craig Hallum increased their target price 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. UBS Group lifted their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Bank of America raised their price objective on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.62.
Get Our Latest Stock Analysis on Ollie’s Bargain Outlet
Ollie’s Bargain Outlet Price Performance
Shares of OLLI stock opened at $110.51 on Friday. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $120.03. The stock has a fifty day moving average price of $100.74 and a 200 day moving average price of $97.74. The stock has a market cap of $6.77 billion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.85.
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS for the current year.
Insider Transactions at Ollie’s Bargain Outlet
In other news, CEO John W. Swygert sold 54,318 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $109.44, for a total value of $5,944,561.92. Following the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $5,275,008. This represents a 52.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Larry Kraus sold 10,646 shares of the firm’s 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 owns 1,905 shares in the company, valued at $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 90,172 shares of company stock worth $9,878,158 over the last 90 days. 0.87% of the stock is owned by insiders.
Hedge Funds Weigh In On Ollie’s Bargain Outlet
Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC boosted its position in shares of Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 179 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter valued at $117,000. LRI Investments LLC increased its position in shares of Ollie’s Bargain Outlet by 2,356.1% in the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock valued at $130,000 after buying an additional 1,343 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter worth $151,000.
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.
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