Loop Capital Issues Positive Forecast for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price upped by analysts at Loop Capital from $110.00 to $120.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Loop Capital’s target price points to a potential upside of 4.64% from the stock’s current price.

Several other research firms also recently weighed in on OLLI. Piper Sandler boosted their target price on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group upped their price objective 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. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an “accumulate” rating to a “buy” rating and upped their price objective for the company from $105.00 to $107.00 in a report on Monday, August 26th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, October 22nd. Finally, Bank of America upped their target price on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ollie’s Bargain Outlet currently has an average rating of “Moderate Buy” and a consensus price target of $115.75.

Ollie’s Bargain Outlet Stock Up 3.3 %

OLLI traded up $3.66 during midday trading on Wednesday, hitting $114.68. 1,060,141 shares of the company traded hands, compared to its average volume of 1,045,085. Ollie’s Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $115.98. The firm has a market capitalization of $7.04 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 2.53 and a beta of 0.85. The company’s 50-day moving average is $95.30 and its 200 day moving average is $94.70.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. On average, sell-side analysts predict that Ollie’s Bargain Outlet will post 3.27 earnings per share for the current fiscal year.

Insider Activity

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the transaction, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at $1,050,283.90. This represents a 58.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John W. Swygert sold 2,400 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $102.54, for a total value of $246,096.00. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $4,942,428. This represents a 4.74 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,112 shares of company stock valued at $3,614,366. Company insiders own 0.87% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in OLLI. Sanctuary Advisors LLC grew its position in shares of Ollie’s Bargain Outlet by 464.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 17,135 shares of the company’s stock worth $1,621,000 after buying an additional 14,101 shares during the period. Virtu Financial LLC acquired a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth $969,000. Geode Capital Management LLC raised its stake in Ollie’s Bargain Outlet by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,078,544 shares of the company’s stock worth $104,860,000 after buying an additional 9,492 shares during the period. Bullseye Asset Management LLC lifted its holdings in Ollie’s Bargain Outlet by 1.8% during the third quarter. Bullseye Asset Management LLC now owns 55,274 shares of the company’s stock worth $5,373,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Barclays PLC grew its stake in Ollie’s Bargain Outlet by 59.2% in the third quarter. Barclays PLC now owns 41,307 shares of the company’s stock valued at $4,014,000 after acquiring an additional 15,357 shares during the period.

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.