Ollie’s Bargain Outlet (NASDAQ:OLLI) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a buy rating to a hold rating in a report released on Tuesday morning, MarketBeat.com reports. They currently have $111.00 price objective on the stock, down from their prior price objective of $125.00.

OLLI has been the subject of several other research reports. 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. StockNews.com upgraded Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Thursday, January 23rd. Bank of America upped their price objective on Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company raised their target price on shares of Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Finally, Craig Hallum boosted their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $118.07.

Ollie’s Bargain Outlet Trading Up 0.7 %

Shares of OLLI opened at $107.90 on Tuesday. The business’s 50 day moving average is $108.89 and its 200 day moving average is $99.69. Ollie’s Bargain Outlet has a 12-month low of $68.05 and a 12-month high of $120.03. The company has a market capitalization of $6.61 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter last year, the business posted $0.51 earnings per share. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $113.95, for a total value of $606,783.75. Following the sale, the senior vice president now owns 3,140 shares in the company, valued at $357,803. This trade represents a 62.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas Hendrickson sold 6,250 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. In the last three months, insiders sold 87,771 shares of company stock valued at $9,650,832. Insiders own 0.87% of the company’s stock.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently modified their holdings of OLLI. Legacy Capital Wealth Partners LLC increased its holdings in Ollie’s Bargain Outlet by 3.4% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock worth $311,000 after purchasing an additional 94 shares during the period. Blue Trust Inc. increased its stake in shares of Ollie’s Bargain Outlet by 55.2% during 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. UMB Bank n.a. raised its holdings in shares of Ollie’s Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company’s stock valued at $60,000 after acquiring an additional 110 shares in the last quarter. Precision Wealth Strategies LLC lifted its stake in Ollie’s Bargain Outlet by 3.2% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock worth $427,000 after acquiring an additional 119 shares during the period. Finally, Trust Point Inc. grew its holdings in Ollie’s Bargain Outlet by 1.0% during the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company’s stock worth $1,281,000 after acquiring an additional 134 shares in the last quarter.

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.