Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $123.00 at UBS Group

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price hoisted by UBS Group from $117.00 to $123.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also commented on OLLI. Royal Bank of Canada upped their price target on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Morgan Stanley upped their price target on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a report on Thursday. Loop Capital upped their price target on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Craig Hallum upped their price target on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, Truist Financial upped their price target on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $123.08.

Ollie’s Bargain Outlet Stock Performance

OLLI opened at $106.88 on Thursday. The business has a 50 day moving average price of $105.16 and a 200 day moving average price of $101.61. Ollie’s Bargain Outlet has a twelve month low of $68.05 and a twelve month high of $120.03. The firm has a market cap of $6.55 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. During the same quarter last year, the firm posted $1.23 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts anticipate that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Institutional Trading of Ollie’s Bargain Outlet

A number of large investors have recently bought and sold shares of OLLI. Natixis Advisors LLC grew its position in Ollie’s Bargain Outlet by 16.1% in the third quarter. Natixis Advisors LLC now owns 28,432 shares of the company’s stock valued at $2,764,000 after acquiring an additional 3,946 shares during the period. Quest Partners LLC bought a new stake in Ollie’s Bargain Outlet in the third quarter valued at $196,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Ollie’s Bargain Outlet in the third quarter valued at $3,867,000. King Luther Capital Management Corp grew its position in Ollie’s Bargain Outlet by 0.5% in the third quarter. King Luther Capital Management Corp now owns 110,370 shares of the company’s stock valued at $10,728,000 after acquiring an additional 543 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Ollie’s Bargain Outlet by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 753,658 shares of the company’s stock valued at $73,256,000 after acquiring an additional 5,438 shares during the period.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.