Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $123.08 Average PT from Analysts

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $123.08.

OLLI has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on shares of Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their target price 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. Truist Financial boosted 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. Loop Capital raised their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company boosted their target price 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.

Insider Activity at Ollie’s Bargain Outlet

In other news, CFO Robert F. Helm sold 2,145 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the sale, the chief financial officer now owns 3,888 shares in the company, valued at $421,848. The trade was a 35.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Fisch sold 6,250 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $108.08, for a total value of $675,500.00. Following the completion of the transaction, the director now owns 22,159 shares in the company, valued at approximately $2,394,944.72. This represents a 22.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently made changes to their positions in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Ollie’s Bargain Outlet by 489.7% during the fourth 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 in the last quarter. Wilmington Savings Fund Society FSB grew its stake 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 worth $26,000 after acquiring an additional 182 shares in the last quarter. Bogart Wealth LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the fourth quarter valued at about $26,000. Blue Trust Inc. lifted its position in shares of Ollie’s Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new position in Ollie’s Bargain Outlet during the fourth quarter worth about $33,000.

Ollie’s Bargain Outlet Price Performance

Shares of NASDAQ:OLLI opened at $113.07 on Tuesday. The business’s 50 day simple moving average is $105.83 and its 200 day simple moving average is $102.10. Ollie’s Bargain Outlet has a 1 year low of $68.05 and a 1 year high of $120.03. The company has a market capitalization of $6.93 billion, a P/E ratio of 33.75, a P/E/G ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $674.61 million. During the same period last year, the company posted $1.23 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Ollie’s Bargain Outlet will post 3.29 EPS 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.