Brokerages Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Price Target at $102.08

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $102.08.

Several equities analysts have commented on the company. Morgan Stanley upped their price objective on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research report on Thursday, June 6th. Wells Fargo & Company upped their price objective on Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. UBS Group increased their price target on Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. Piper Sandler raised their price objective on Ollie’s Bargain Outlet from $100.00 to $107.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 25th. Finally, Bank of America raised their price objective on Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th.

Insider Buying and Selling at Ollie’s Bargain Outlet

In other Ollie’s Bargain Outlet news, President Der Valk Eric Van sold 1,438 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $129,420.00. Following the sale, the president now directly owns 4,158 shares of the company’s stock, valued at $374,220. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, President Der Valk Eric Van sold 1,438 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $90.00, for a total value of $129,420.00. Following the transaction, the president now owns 4,158 shares in the company, valued at $374,220. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kevin Mclain sold 11,340 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $85.75, for a total value of $972,405.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares in the company, valued at approximately $909,807.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,537 shares of company stock valued at $3,074,765. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several hedge funds and other institutional investors have recently made changes to their positions in OLLI. Venturi Wealth Management LLC lifted its position in Ollie’s Bargain Outlet by 194.3% during the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after buying an additional 204 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Ollie’s Bargain Outlet during the second quarter worth approximately $31,000. Blue Bell Private Wealth Management LLC purchased a new position in Ollie’s Bargain Outlet during the first quarter worth approximately $29,000. ORG Partners LLC purchased a new position in Ollie’s Bargain Outlet during the first quarter worth approximately $28,000. Finally, Versant Capital Management Inc purchased a new position in Ollie’s Bargain Outlet during the second quarter worth approximately $38,000.

Ollie’s Bargain Outlet Stock Performance

NASDAQ OLLI opened at $97.08 on Thursday. The company has a market cap of $5.94 billion, a P/E ratio of 30.62, a P/E/G ratio of 2.68 and a beta of 0.90. The business’s 50 day moving average price is $90.42 and its 200-day moving average price is $80.55. Ollie’s Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $104.98.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.65 by $0.08. The company had revenue of $508.82 million for the quarter, compared to the consensus estimate of $506.49 million. Ollie’s Bargain Outlet had a return on equity of 13.22% and a net margin of 9.14%. Ollie’s Bargain Outlet’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. As a group, equities analysts predict that Ollie’s Bargain Outlet will post 3.27 EPS for the current year.

About Ollie’s Bargain Outlet

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