Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Rating Upgraded by StockNews.com

Ollie’s Bargain Outlet (NASDAQ:OLLI) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts also recently issued research reports about the stock. UBS Group upped their price target on shares of Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Citigroup upgraded Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Truist Financial lifted their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company increased their price objective 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. Finally, Loop Capital raised their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and an average price target of $118.62.

Ollie’s Bargain Outlet Trading Down 1.8 %

NASDAQ OLLI opened at $117.60 on Friday. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $120.03. The stock has a 50-day moving average of $100.74 and a 200 day moving average of $97.65. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 35.10, a PEG ratio of 2.79 and a beta of 0.85.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Equities analysts predict that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Activity

In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 2,400 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction of $246,096.00. Following the completion of the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $4,942,428. This trade represents a 4.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of Ollie’s Bargain Outlet stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of the sale, the chief financial officer now owns 2,021 shares in the company, valued at $191,348.28. This represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,172 shares of company stock valued at $9,878,158. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Ollie’s Bargain Outlet in the second quarter valued at about $25,000. GAMMA Investing LLC raised its stake in shares of Ollie’s Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 179 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter worth approximately $117,000. LRI Investments LLC boosted its position in shares of Ollie’s Bargain Outlet by 2,356.1% during the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after purchasing an additional 1,343 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ollie’s Bargain Outlet in the 3rd quarter valued at approximately $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.