Brokerages Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Target Price at $126.79

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $126.79.

Several brokerages have recently commented on OLLI. Wall Street Zen upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research report on Tuesday, May 13th. Royal Bank Of Canada restated an “outperform” rating and set a $133.00 price objective on shares of Ollie’s Bargain Outlet in a research report on Wednesday, June 4th. JPMorgan Chase & Co. raised their price objective on shares of Ollie’s Bargain Outlet from $137.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Piper Sandler restated an “overweight” rating and set a $123.00 price objective (down from $124.00) on shares of Ollie’s Bargain Outlet in a research report on Wednesday, June 4th. Finally, Loop Capital cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research note on Tuesday, June 24th.

Insider Activity at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet 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 value of $82,154.80. Following the completion of the transaction, the chief executive officer directly owned 7,761 shares of the company’s stock, valued at $875,828.85. This trade represents a 8.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.75% of the stock is owned by insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of institutional investors and hedge funds have recently made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of 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 purchasing an additional 191 shares during the period. HM Payson & Co. purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth about $30,000. City Holding Co. purchased a new position in shares of Ollie’s Bargain Outlet during the 1st quarter worth about $31,000. Maseco LLP purchased a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth about $36,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Ollie’s Bargain Outlet during the 4th quarter worth about $33,000.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock opened at $138.51 on Monday. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 3.10 and a beta of 0.41. Ollie’s Bargain Outlet has a one year low of $86.05 and a one year high of $140.24. The company’s fifty day moving average price is $123.70 and its 200-day moving average price is $113.42.

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

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.