Ollie’s Bargain Outlet (NASDAQ:OLLI) Upgraded at Truist Financial

Truist Financial upgraded shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) from a hold rating to a buy rating in a research note issued to investors on Friday morning, MarketBeat.com reports. Truist Financial currently has $86.00 target price on the stock, up from their previous target price of $80.00.

Several other equities research analysts have also recently weighed in on OLLI. Royal Bank of Canada reaffirmed an outperform rating and issued a $86.00 price target on shares of Ollie’s Bargain Outlet in a research report on Thursday, March 21st. The Goldman Sachs Group lifted their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a buy rating in a research note on Thursday, March 21st. Craig Hallum raised their price objective on Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the stock a buy rating in a research note on Thursday, March 21st. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a hold rating to a buy rating and lifted their price objective for the company from $80.00 to $90.00 in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a neutral rating for the company in a report on Thursday, March 21st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Ollie’s Bargain Outlet presently has a consensus rating of Moderate Buy and an average price target of $85.42.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI opened at $76.80 on Friday. Ollie’s Bargain Outlet has a 1-year low of $52.93 and a 1-year high of $84.38. The company has a 50-day moving average of $75.08 and a 200 day moving average of $75.15. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 26.30 and a beta of 0.76.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The company had revenue of $648.90 million during the quarter, compared to analyst estimates of $649.39 million. During the same quarter last year, the business posted $0.84 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. On average, equities analysts anticipate that Ollie’s Bargain Outlet will post 3.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, VP Larry Kraus sold 2,928 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total transaction of $231,312.00. Following the transaction, the vice president now directly owns 1,905 shares of the company’s stock, valued at $150,495. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Ollie’s Bargain Outlet news, VP Larry Kraus sold 2,928 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $79.00, for a total transaction of $231,312.00. Following the transaction, the vice president now directly owns 1,905 shares of the company’s stock, valued at $150,495. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO John W. Swygert sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $82.57, for a total transaction of $412,850.00. Following the completion of the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,979,874. The disclosure for this sale can be found here. Insiders have sold a total of 27,171 shares of company stock valued at $2,084,338 over the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently modified their holdings of the business. Venturi Wealth Management LLC lifted its stake in shares of Ollie’s Bargain Outlet by 194.3% in the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after buying an additional 204 shares in the last quarter. Operose Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the third quarter worth about $26,000. Blue Bell Private Wealth Management LLC purchased a new position in Ollie’s Bargain Outlet during the first quarter worth about $29,000. YHB Investment Advisors Inc. purchased a new position in Ollie’s Bargain Outlet during the first quarter worth about $48,000. Finally, Partnership Wealth Management LLC purchased a new position in Ollie’s Bargain Outlet during the fourth quarter worth about $68,000.

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.