Brokerages Set Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Price Target at $84.92

Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $84.92.

A number of research firms recently weighed in on OLLI. Royal Bank of Canada restated an "outperform" rating and set a $86.00 price target on shares of Ollie's Bargain Outlet in a research report on Thursday, March 21st. Loop Capital upgraded shares of Ollie's Bargain Outlet from a "hold" rating to a "buy" rating and boosted their price target for the stock from $80.00 to $90.00 in a research report on Friday. Truist Financial boosted their target price on shares of Ollie's Bargain Outlet from $78.00 to $80.00 and gave the company a "hold" rating in a report on Thursday, March 21st. JPMorgan Chase & Co. decreased their target price on shares of Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating on the stock in a report on Thursday, March 21st. Finally, The Goldman Sachs Group boosted their target price on shares of Ollie's Bargain Outlet from $91.00 to $104.00 and gave the company a "buy" rating in a report on Thursday, March 21st.

Ollie's Bargain Outlet Stock Down 0.1 %

Shares of NASDAQ OLLI traded down $0.07 during trading on Tuesday, hitting $72.90. The company had a trading volume of 992,673 shares, compared to its average volume of 921,635. The stock has a fifty day simple moving average of $76.42 and a two-hundred day simple moving average of $75.33. Ollie's Bargain Outlet has a fifty-two week low of $52.93 and a fifty-two week high of $84.38. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 24.99 and a beta of 0.76.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. Ollie's Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The business had revenue of $648.90 million for the quarter, compared to analyst estimates of $649.39 million. During the same quarter last year, the business earned $0.84 earnings per share. The company's revenue for the quarter was up 18.0% compared to the same quarter last year. On average, analysts anticipate that Ollie's Bargain Outlet will post 3.18 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO John W. Swygert sold 5,000 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the sale, the chief executive officer now directly owns 48,200 shares of the company's stock, valued at approximately $3,979,874. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Ollie's Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,979,874. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John W. Swygert sold 11,756 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following the transaction, the chief executive officer now owns 48,200 shares of the company's stock, valued at approximately $3,625,604. The disclosure for this sale can be found here. Insiders have sold a total of 22,171 shares of company stock valued at $1,722,888 in the last ninety days. Company insiders own 0.86% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of OLLI. Royal London Asset Management Ltd. acquired a new position in shares of Ollie's Bargain Outlet in the 1st quarter valued at $41,301,000. Norges Bank acquired a new stake in Ollie's Bargain Outlet during the 4th quarter worth $59,215,000. Wellington Management Group LLP boosted its stake in Ollie's Bargain Outlet by 141.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company's stock worth $83,037,000 after purchasing an additional 630,298 shares during the period. Davidson Kempner Capital Management LP acquired a new stake in Ollie's Bargain Outlet during the 1st quarter worth $33,285,000. Finally, Point72 Asset Management L.P. acquired a new stake in Ollie's Bargain Outlet during the 4th quarter worth $24,742,000.

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.