Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Consensus Rating of “Moderate Buy” by Brokerages

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $123.08.

A number of brokerages recently commented on OLLI. Royal Bank of Canada upped their price objective on Ollie’s Bargain Outlet from $130.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. StockNews.com lowered shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Piper Sandler cut their price objective on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday, March 20th. Craig Hallum raised their price target on shares of Ollie’s Bargain Outlet from $107.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and lifted their price target for the company from $64.00 to $133.00 in a report on Wednesday, December 18th.

Insider Activity

In other news, CFO Robert F. Helm sold 2,145 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $108.50, for a total value of $232,732.50. Following the transaction, the chief financial officer now directly owns 3,888 shares of the company’s stock, valued at $421,848. This trade represents a 35.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman John W. Swygert sold 5,232 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $112.51, for a total transaction of $588,652.32. Following the completion of the transaction, the chairman now directly owns 48,200 shares of the company’s stock, valued at $5,422,982. This represents a 9.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,153 shares of company stock worth $2,200,844 over the last 90 days. 0.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Several institutional investors and hedge funds have recently bought and sold shares of OLLI. 111 Capital acquired a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter worth approximately $280,000. Wealth Enhancement Advisory Services LLC lifted its stake in Ollie’s Bargain Outlet by 65.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,574 shares of the company’s stock valued at $721,000 after acquiring an additional 2,608 shares during the last quarter. Jefferies Financial Group Inc. grew its position in Ollie’s Bargain Outlet by 20.3% in the fourth quarter. Jefferies Financial Group Inc. now owns 3,628 shares of the company’s stock worth $398,000 after acquiring an additional 611 shares in the last quarter. ABLE Financial Group LLC increased its stake in shares of Ollie’s Bargain Outlet by 34.3% during the 4th quarter. ABLE Financial Group LLC now owns 8,705 shares of the company’s stock worth $955,000 after purchasing an additional 2,224 shares during the last quarter. Finally, Pullen Investment Management LLC raised its holdings in shares of Ollie’s Bargain Outlet by 46.0% during the 4th quarter. Pullen Investment Management LLC now owns 6,217 shares of the company’s stock valued at $682,000 after purchasing an additional 1,960 shares in the last quarter.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $113.24 on Tuesday. Ollie’s Bargain Outlet has a 1 year low of $68.05 and a 1 year high of $120.03. The firm’s 50-day moving average is $105.96 and its 200-day moving average is $102.31. The company has a market cap of $6.94 billion, a P/E ratio of 33.80, a PEG ratio of 2.21 and a beta of 0.83.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. Ollie’s Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. As a group, sell-side analysts predict that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current year.

About Ollie’s Bargain Outlet

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.