UBS Group Forecasts Strong Price Appreciation for Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target lifted by investment analysts at UBS Group from $117.00 to $123.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 12.44% from the company’s current price.

Several other research firms have also recently weighed in on OLLI. Loop Capital upped their price objective on Ollie’s Bargain Outlet from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Jefferies Financial Group lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Citigroup raised Ollie’s Bargain Outlet from a “sell” rating to a “buy” rating and raised their price objective for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. StockNews.com lowered Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a report on Tuesday, February 4th. Finally, Piper Sandler lifted their price objective on shares of Ollie’s Bargain Outlet from $107.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.86.

Ollie’s Bargain Outlet Price Performance

Shares of OLLI stock traded up $1.45 on Thursday, reaching $109.39. 102,574 shares of the stock were exchanged, compared to its average volume of 1,095,945. Ollie’s Bargain Outlet has a one year low of $68.05 and a one year high of $120.03. The stock has a market cap of $6.70 billion, a PE ratio of 32.65, a P/E/G ratio of 2.21 and a beta of 0.83. The stock has a 50 day moving average price of $105.13 and a 200 day moving average price of $101.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.01). The firm had revenue of $667.10 million for 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 for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. On average, research analysts expect that Ollie’s Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in OLLI. Legacy Capital Wealth Partners LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 3.4% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company’s stock valued at $311,000 after buying an additional 94 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Ollie’s Bargain Outlet by 3.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company’s stock worth $320,000 after acquiring an additional 97 shares in the last quarter. Blue Trust Inc. raised its position in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the period. UMB Bank n.a. lifted its stake in Ollie’s Bargain Outlet by 25.3% in the 4th quarter. UMB Bank n.a. now owns 545 shares of the company’s stock worth $60,000 after purchasing an additional 110 shares in the last quarter. Finally, Precision Wealth Strategies LLC boosted its holdings in shares of Ollie’s Bargain Outlet by 3.2% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,889 shares of the company’s stock valued at $427,000 after purchasing an additional 119 shares during the last quarter.

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.