Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) has received an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $51.54.
A number of research firms recently commented on OLLI. BidaskClub upgraded Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. JPMorgan Chase & Co. increased their price objective on Ollie's Bargain Outlet from $47.00 to $61.00 in a report on Thursday, December 7th. Citigroup began coverage on Ollie's Bargain Outlet in a report on Friday, November 17th. They issued a “sell” rating and a $39.00 price objective on the stock. KeyCorp restated a “buy” rating and issued a $55.00 price objective (up previously from $50.00) on shares of Ollie's Bargain Outlet in a report on Thursday, December 7th. Finally, Zacks Investment Research raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Thursday, December 7th.
Shares of Ollie's Bargain Outlet (NASDAQ:OLLI) traded down $2.25 on Wednesday, hitting $59.70. The stock had a trading volume of 399,699 shares, compared to its average volume of 553,300. The firm has a market cap of $3,674.76, a P/E ratio of 46.91, a price-to-earnings-growth ratio of 1.53 and a beta of 0.11. Ollie's Bargain Outlet has a one year low of $30.94 and a one year high of $62.05. The company has a quick ratio of 0.36, a current ratio of 2.53 and a debt-to-equity ratio of 0.16.
Ollie's Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The firm had revenue of $238.10 million for the quarter, compared to the consensus estimate of $233.77 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. equities analysts predict that Ollie's Bargain Outlet will post 1.24 earnings per share for the current year.
In other news, CFO John W. Swygert sold 60,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $52.20, for a total value of $3,132,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Howard Freedman sold 8,300 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $59.08, for a total value of $490,364.00. Following the completion of the sale, the vice president now directly owns 34,670 shares of the company’s stock, valued at $2,048,303.60. The disclosure for this sale can be found here. Insiders have sold 101,742 shares of company stock valued at $5,495,118 in the last ninety days. Company insiders own 22.25% of the company’s stock.
A number of hedge funds have recently modified their holdings of OLLI. Royal Bank of Canada lifted its position in Ollie's Bargain Outlet by 302.7% in the second quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock worth $182,000 after purchasing an additional 3,200 shares during the period. The Manufacturers Life Insurance Company lifted its position in Ollie's Bargain Outlet by 121.5% in the second quarter. The Manufacturers Life Insurance Company now owns 37,067 shares of the company’s stock worth $1,579,000 after purchasing an additional 20,334 shares during the period. Nationwide Fund Advisors lifted its position in Ollie's Bargain Outlet by 131.3% in the third quarter. Nationwide Fund Advisors now owns 203,229 shares of the company’s stock worth $9,430,000 after purchasing an additional 115,355 shares during the period. First Trust Advisors LP lifted its position in Ollie's Bargain Outlet by 52.1% in the third quarter. First Trust Advisors LP now owns 104,664 shares of the company’s stock worth $4,856,000 after purchasing an additional 35,842 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in Ollie's Bargain Outlet in the third quarter worth $678,000. 91.36% of the stock is owned by hedge funds and other institutional investors.
About Ollie's Bargain Outlet
Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.
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