Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Price Target at $125.21

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $125.21.

Several brokerages have commented on OLLI. Wall Street Zen upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Tuesday, May 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $133.00 target price on shares of Ollie’s Bargain Outlet in a report on Wednesday, June 4th. JPMorgan Chase & Co. increased their price target on Ollie’s Bargain Outlet from $135.00 to $137.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Piper Sandler restated an “overweight” rating and set a $123.00 price target (down previously from $124.00) on shares of Ollie’s Bargain Outlet in a report on Wednesday, June 4th. Finally, Morgan Stanley lifted their price objective on Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 20th.

Ollie’s Bargain Outlet Trading Up 3.7%

NASDAQ OLLI opened at $135.05 on Thursday. Ollie’s Bargain Outlet has a 12 month low of $86.05 and a 12 month high of $134.59. The stock has a market cap of $8.28 billion, a PE ratio of 41.56, a P/E/G ratio of 2.95 and a beta of 0.41. The stock’s 50 day moving average is $117.11 and its 200 day moving average is $111.16.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.05. Ollie’s Bargain Outlet had a net margin of 8.59% and a return on equity of 12.27%. The firm had revenue of $576.77 million for the quarter, compared to analysts’ expectations of $565.04 million. During the same quarter last year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, analysts forecast that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Der Valk Eric Van sold 728 shares of Ollie’s Bargain Outlet stock in a transaction on Friday, June 13th. The shares were sold at an average price of $112.85, for a total transaction of $82,154.80. Following the completion of the sale, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. The trade was a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert F. Helm sold 312 shares of the company’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $107.17, for a total value of $33,437.04. Following the completion of the transaction, the chief financial officer directly owned 3,273 shares in the company, valued at approximately $350,767.41. The trade was a 8.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Ollie’s Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock worth $25,000 after buying an additional 191 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Ollie’s Bargain Outlet in the first quarter worth $30,000. City Holding Co. purchased a new position in shares of Ollie’s Bargain Outlet during the first quarter worth $31,000. Brown Brothers Harriman & Co. acquired a new position in Ollie’s Bargain Outlet during the fourth quarter valued at $33,000. Finally, Putney Financial Group LLC purchased a new stake in Ollie’s Bargain Outlet in the fourth quarter valued at $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.