Piper Sandler Has Lowered Expectations for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price trimmed by Piper Sandler from $126.00 to $124.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently issued reports on OLLI. Jefferies Financial Group downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Craig Hallum boosted their price objective on Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company upped 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. UBS Group upped their price target on Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the stock a “neutral” rating in a research note on Thursday. 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 research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.08.

Ollie’s Bargain Outlet Trading Up 1.6 %

NASDAQ OLLI opened at $106.88 on Thursday. The business’s 50-day moving average price is $105.16 and its two-hundred day moving average price is $101.61. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $120.03. The firm has a market capitalization of $6.55 billion, a PE 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 announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to analyst estimates of $674.61 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 earnings per share. As a group, analysts forecast that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Institutional Trading of Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently modified their holdings of the stock. Legacy Capital Wealth Partners LLC raised its stake in shares of Ollie’s Bargain Outlet by 3.4% in the fourth 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 last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 3.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock valued at $320,000 after acquiring an additional 97 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Ollie’s Bargain Outlet by 55.2% in the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. UMB Bank n.a. grew 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. Finally, Precision Wealth Strategies LLC grew its holdings in shares of 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 valued at $427,000 after acquiring an additional 119 shares in the last quarter.

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.