Ollie's Bargain Outlet (NASDAQ:OLLI) Stock Rating Lowered by Loop Capital

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) was downgraded by Loop Capital from a "buy" rating to a "hold" rating in a report issued on Tuesday, Marketbeat.com reports. They presently have a $130.00 price objective on the stock. Loop Capital's price objective would suggest a potential upside of 0.35% from the company's current price.

Several other research analysts also recently weighed in on the company. Piper Sandler reiterated an "overweight" rating and issued a $123.00 price target (down from $124.00) on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th. JPMorgan Chase & Co. upped their target price on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Morgan Stanley raised their price target on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Truist Financial upped their price objective on shares of Ollie's Bargain Outlet from $126.00 to $128.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, KeyCorp reissued an "overweight" rating and issued a $135.00 target price on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Ollie's Bargain Outlet presently has a consensus rating of "Moderate Buy" and an average price target of $124.50.

Ollie's Bargain Outlet Trading Up 0.3%

Shares of OLLI stock traded up $0.34 during trading hours on Tuesday, hitting $129.55. The company's stock had a trading volume of 1,715,681 shares, compared to its average volume of 1,238,524. Ollie's Bargain Outlet has a twelve month low of $86.05 and a twelve month high of $129.92. The stock has a market cap of $7.95 billion, a price-to-earnings ratio of 39.86, a P/E/G ratio of 2.74 and a beta of 0.37. The business has a fifty day moving average of $113.08 and a 200-day moving average of $109.84.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. The firm had revenue of $576.77 million for the quarter, compared to analysts' expectations of $565.04 million. During the same quarter in the prior year, the firm earned $0.73 EPS. Ollie's Bargain Outlet's quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts expect that Ollie's Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insider Activity

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $107.17, for a total transaction of $33,437.04. Following the transaction, the chief financial officer now owns 3,273 shares in the company, valued at $350,767.41. The trade was a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the completion of the sale, the chief executive officer now owns 7,761 shares of the company's stock, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,230 shares of company stock valued at $3,401,892. Company insiders own 0.87% of the company's stock.

Institutional Investors Weigh In On Ollie's Bargain Outlet

A number of large investors have recently added to or reduced their stakes in OLLI. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Ollie's Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock valued at $25,000 after buying an additional 191 shares during the last quarter. HM Payson & Co. purchased a new position in Ollie's Bargain Outlet in the first quarter valued at about $30,000. Blue Trust Inc. grew its stake in 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 in the last quarter. City Holding Co. purchased a new stake in Ollie's Bargain Outlet during the 1st quarter worth approximately $31,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Ollie's Bargain Outlet in the 4th quarter valued at approximately $33,000.

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.