Ollie’s Bargain Outlet (NASDAQ:OLLI) Rating Reiterated by Piper Jaffray Companies

Ollie’s Bargain Outlet (NASDAQ:OLLI)‘s stock had its “overweight” rating restated by Piper Jaffray Companies in a report released on Wednesday, The Fly reports. They presently have a $86.00 price objective on the stock, up from their previous price objective of $70.00. Piper Jaffray Companies’ price target would suggest a potential upside of 22.89% from the stock’s previous close. Piper Jaffray Companies also issued estimates for Ollie’s Bargain Outlet’s Q4 2020 earnings at $0.77 EPS, FY2020 earnings at $1.99 EPS, Q1 2022 earnings at $0.65 EPS, Q2 2022 earnings at $0.55 EPS, Q3 2022 earnings at $0.57 EPS and FY2022 earnings at $2.88 EPS.

A number of other research firms have also weighed in on OLLI. Citigroup decreased their target price on shares of Ollie’s Bargain Outlet from $95.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. TheStreet lowered shares of Ollie’s Bargain Outlet from a “b” rating to a “c+” rating in a report on Wednesday, October 2nd. Loop Capital decreased their target price on shares of Ollie’s Bargain Outlet to $75.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. BidaskClub lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, Bank of America decreased their price target on shares of Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Ollie’s Bargain Outlet has an average rating of “Buy” and an average target price of $82.08.

Ollie’s Bargain Outlet stock opened at $69.98 on Wednesday. The firm’s 50 day simple moving average is $64.07 and its 200 day simple moving average is $74.03. The company has a current ratio of 2.13, a quick ratio of 0.41 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $3.83 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 1.45 and a beta of 0.87. Ollie’s Bargain Outlet has a 1-year low of $53.60 and a 1-year high of $103.03.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its earnings results on Tuesday, December 10th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The business had revenue of $327.05 million for the quarter, compared to analyst estimates of $322.56 million. Ollie’s Bargain Outlet had a net margin of 10.37% and a return on equity of 12.67%. Ollie’s Bargain Outlet’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. Research analysts forecast that Ollie’s Bargain Outlet will post 1.97 earnings per share for the current year.

In other news, CEO John W. Swygert sold 25,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $70.00, for a total value of $1,750,000.00. Following the completion of the sale, the chief executive officer now owns 44,156 shares of the company’s stock, valued at approximately $3,090,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin Mclain sold 5,750 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $65.39, for a total transaction of $375,992.50. Following the completion of the sale, the senior vice president now directly owns 5,750 shares of the company’s stock, valued at approximately $375,992.50. The disclosure for this sale can be found here. Insiders sold a total of 54,270 shares of company stock worth $3,642,131 in the last three months. Insiders own 16.36% of the company’s stock.

Several institutional investors have recently made changes to their positions in OLLI. Steward Partners Investment Advisory LLC purchased a new stake in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $58,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Ollie’s Bargain Outlet by 7.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,509 shares of the company’s stock valued at $306,000 after purchasing an additional 235 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Ollie’s Bargain Outlet by 18.8% in the 2nd quarter. First Trust Advisors LP now owns 103,042 shares of the company’s stock valued at $8,976,000 after purchasing an additional 16,276 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Ollie’s Bargain Outlet by 2.5% in the 2nd quarter. Aperio Group LLC now owns 28,920 shares of the company’s stock valued at $2,519,000 after purchasing an additional 706 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Ollie’s Bargain Outlet by 1.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,530 shares of the company’s stock valued at $830,000 after purchasing an additional 130 shares in the last quarter. 96.06% of the stock is owned by institutional investors.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

Further Reading: Cost of Equity For A Business, Investors

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Analyst Recommendations for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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