Ollie's Bargain Outlet (NASDAQ:OLLI) Rating Increased to Buy at Loop Capital

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) was upgraded by stock analysts at Loop Capital from a "hold" rating to a "buy" rating in a research note issued on Friday, Marketbeat.com reports. The firm currently has a $90.00 price target on the stock, up from their previous price target of $80.00. Loop Capital's price target would indicate a potential upside of 22.57% from the company's current price.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Ollie's Bargain Outlet from $88.00 to $85.00 and set a "neutral" rating on the stock in a research note on Thursday, March 21st. Royal Bank of Canada restated an "outperform" rating and issued a $86.00 price objective on shares of Ollie's Bargain Outlet in a report on Thursday, March 21st. TheStreet lowered shares of Ollie's Bargain Outlet from a "b" rating to a "c+" rating in a report on Thursday, December 14th. UBS Group increased their price objective on shares of Ollie's Bargain Outlet from $92.00 to $95.00 and gave the company a "neutral" rating in a report on Thursday, December 7th. Finally, Truist Financial increased their price objective 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. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $84.92.

Ollie's Bargain Outlet Stock Performance

Ollie's Bargain Outlet stock traded up $2.27 during trading hours on Friday, hitting $73.43. 1,179,831 shares of the stock were exchanged, compared to its average volume of 914,535. The stock has a market capitalization of $4.51 billion, a P/E ratio of 25.15 and a beta of 0.76. Ollie's Bargain Outlet has a 12 month low of $52.93 and a 12 month high of $84.38. The business's 50-day moving average is $76.42 and its two-hundred day moving average is $75.35.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Wednesday, March 20th. The company reported $1.23 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 analysts' expectations of $649.39 million. During the same period in the prior 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. On average, equities analysts predict that Ollie's Bargain Outlet will post 3.19 earnings per share for the current fiscal year.

Insider Buying and Selling at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of Ollie's Bargain Outlet stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,979,874. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Ollie's Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of Ollie's Bargain Outlet stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total value of $412,850.00. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,979,874. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert F. Helm sold 2,317 shares of the business's stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $78.14, for a total transaction of $181,050.38. Following the transaction, the chief financial officer now owns 1,777 shares in the company, valued at $138,854.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,171 shares of company stock worth $1,722,888. Insiders own 0.86% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC increased its stake in shares of Ollie's Bargain Outlet by 6,328.7% during the 1st quarter. Los Angeles Capital Management LLC now owns 187,140 shares of the company's stock worth $14,891,000 after purchasing an additional 184,229 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth about $447,000. Nomura Holdings Inc. bought a new stake in shares of Ollie's Bargain Outlet during the 4th quarter worth about $3,019,000. Vanguard Group Inc. boosted its holdings in shares of Ollie's Bargain Outlet by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company's stock worth $420,355,000 after buying an additional 43,979 shares during the period. Finally, Greenwood Capital Associates LLC boosted its holdings in shares of Ollie's Bargain Outlet by 38.5% during the 4th quarter. Greenwood Capital Associates LLC now owns 7,435 shares of the company's stock worth $564,000 after buying an additional 2,065 shares during the period.

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.