Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Target Price at $118.62

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $118.07.

Several equities research analysts recently weighed in on OLLI shares. Wells Fargo & Company lifted 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 report on Wednesday, December 11th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Craig Hallum lifted their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Bank of America raised their target price on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Jefferies Financial Group cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th.

Ollie’s Bargain Outlet Trading Down 3.0 %

Shares of Ollie’s Bargain Outlet stock opened at $104.71 on Monday. 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 cap of $6.42 billion, a P/E ratio of 31.26, a PEG ratio of 2.33 and a beta of 0.81. The company’s fifty day simple moving average is $109.01 and its two-hundred day simple moving average is $99.75.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results 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 company had revenue of $517.43 million for the quarter, compared to analysts’ expectations of $518.83 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. Ollie’s Bargain Outlet’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts predict that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP James J. Comitale sold 5,325 shares of the firm’s 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 transaction, the senior vice president now directly owns 3,140 shares in the company, valued at $357,803. This trade represents a 62.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO John W. Swygert sold 54,318 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $109.44, for a total value of $5,944,561.92. Following the sale, the chief executive officer now owns 48,200 shares of the company’s stock, valued at approximately $5,275,008. This trade represents a 52.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,771 shares of company stock worth $9,650,832. 0.87% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of large investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB boosted its holdings in shares of Ollie’s Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock worth $26,000 after buying an additional 182 shares during the last quarter. Bogart Wealth LLC purchased a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth $26,000. Blue Trust Inc. grew its position in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares during the period. Tortoise Investment Management LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter worth $45,000. Finally, Arcadia Investment Management Corp MI bought a new position in Ollie’s Bargain Outlet in the 4th quarter worth $58,000.

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.