Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price hoisted by Morgan Stanley from $108.00 to $118.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts have also commented on OLLI. Loop Capital upped their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Wells Fargo & Company increased their price target on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and cut their price target for the stock from $125.00 to $111.00 in a research note on Tuesday, February 4th. Piper Sandler increased their price target on Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their price target on Ollie’s Bargain Outlet from $105.00 to $135.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $123.08.

Ollie’s Bargain Outlet Price Performance

NASDAQ:OLLI opened at $106.88 on Thursday. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 31.90, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $120.03. The business has a fifty day moving average price of $105.16 and a 200-day moving average price of $101.61.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). The company had revenue of $667.10 million during the quarter, compared to analysts’ expectations of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $1.23 earnings per share. On average, equities research analysts expect that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Ollie’s Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $25,000 after acquiring an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after acquiring an additional 182 shares during the last quarter. Bogart Wealth LLC bought a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $26,000. Blue Trust Inc. lifted its holdings in shares of Ollie’s Bargain Outlet by 55.2% in 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 last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $33,000.

About Ollie’s Bargain Outlet

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.