Ollie's Bargain Outlet (NASDAQ:OLLI) Shares Up 5.7%

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) shares shot up 5.7% during mid-day trading on Thursday . The company traded as high as $72.41 and last traded at $72.37. 896,592 shares traded hands during trading, an increase of 0% from the average session volume of 896,010 shares. The stock had previously closed at $68.45.

Analyst Ratings Changes

A number of brokerages have issued reports on OLLI. JPMorgan Chase & Co. cut their target price on shares of Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating for the company in a research report on Thursday, March 21st. Truist Financial lifted their target price on shares of Ollie's Bargain Outlet from $78.00 to $80.00 and gave the stock a "hold" rating in a research report on Thursday, March 21st. The Goldman Sachs Group lifted their target price on shares of Ollie's Bargain Outlet from $91.00 to $104.00 and gave the stock a "buy" rating in a research report on Thursday, March 21st. Royal Bank of Canada restated an "outperform" rating and set a $86.00 target price on shares of Ollie's Bargain Outlet in a research report on Thursday, March 21st. Finally, Craig Hallum lifted their price target on shares of Ollie's Bargain Outlet from $98.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $84.08.

Ollie's Bargain Outlet Stock Up 4.0 %

The business's fifty day moving average is $76.40 and its 200-day moving average is $75.38. The stock has a market capitalization of $4.37 billion, a PE ratio of 24.37 and a beta of 0.76.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its earnings results on Wednesday, March 20th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $648.90 million during the quarter, compared to the consensus estimate of $649.39 million. During the same period in the previous year, the firm earned $0.84 earnings per share. Ollie's Bargain Outlet's revenue was up 18.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ollie's Bargain Outlet Holdings, Inc. will post 3.19 EPS for the current fiscal year.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO John W. Swygert sold 11,756 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,625,604. The transaction 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 11,756 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,625,604. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Larry Kraus sold 2,928 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $79.00, for a total transaction of $231,312.00. Following the sale, the vice president now owns 1,905 shares of the company's stock, valued at $150,495. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,171 shares of company stock worth $1,722,888. 0.86% of the stock is owned by company insiders.

Institutional Trading of Ollie's Bargain Outlet

A number of institutional investors and hedge funds have recently modified their holdings of OLLI. Operose Advisors LLC bought a new position in Ollie's Bargain Outlet in the 3rd quarter valued at about $26,000. Creative Planning purchased a new stake in shares of Ollie's Bargain Outlet in the third quarter worth approximately $46,000. Partnership Wealth Management LLC purchased a new stake in shares of Ollie's Bargain Outlet in the fourth quarter worth approximately $68,000. KBC Group NV purchased a new stake in shares of Ollie's Bargain Outlet in the fourth quarter worth approximately $70,000. Finally, Captrust Financial Advisors lifted its position in shares of Ollie's Bargain Outlet by 81.1% in the second quarter. Captrust Financial Advisors now owns 1,411 shares of the company's stock worth $83,000 after purchasing an additional 632 shares in the last quarter.

Ollie's Bargain Outlet Company Profile

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.