Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Average Rating of "Moderate Buy" by Brokerages

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) has received an average recommendation of "Moderate Buy" from the fourteen analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $124.50.

OLLI has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of 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. JPMorgan Chase & Co. raised their price target on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the company an "overweight" rating in a report on Monday, May 19th. Truist Financial lifted their price objective on Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a research note on Wednesday. Royal Bank of Canada reiterated an "outperform" rating and set a $133.00 target price on shares of Ollie's Bargain Outlet in a research report on Wednesday. Finally, KeyCorp restated an "overweight" rating and issued a $135.00 price target on shares of Ollie's Bargain Outlet in a research report on Wednesday.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, SVP Kevin Mclain sold 4,799 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.56, for a total transaction of $554,572.44. Following the transaction, the senior vice president now owns 12,336 shares of the company's stock, valued at approximately $1,425,548.16. This trade represents a 28.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $107.17, for a total transaction of $33,437.04. Following the completion of the sale, the chief financial officer now owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This represents a 8.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,897 shares of company stock worth $4,227,970 over the last quarter. Company insiders own 0.75% of the company's stock.

Hedge Funds Weigh In On Ollie's Bargain Outlet

Institutional investors have recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Ollie's Bargain Outlet by 173.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,644,774 shares of the company's stock worth $509,671,000 after acquiring an additional 2,948,393 shares in the last quarter. Congress Asset Management Co. raised its holdings in Ollie's Bargain Outlet by 181.6% in the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after purchasing an additional 1,235,994 shares in the last quarter. Norges Bank purchased a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at about $80,741,000. Stephens Investment Management Group LLC purchased a new stake in shares of Ollie's Bargain Outlet during the fourth quarter valued at about $78,356,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Ollie's Bargain Outlet by 268.0% in the 1st quarter. Wellington Management Group LLP now owns 844,799 shares of the company's stock valued at $98,301,000 after buying an additional 615,257 shares in the last quarter.

Ollie's Bargain Outlet Stock Up 3.8%

OLLI stock opened at $119.37 on Friday. The business has a 50 day moving average of $111.66 and a 200 day moving average of $108.31. The firm has a market cap of $7.32 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 2.21 and a beta of 0.37. Ollie's Bargain Outlet has a twelve month low of $82.84 and a twelve month high of $122.15.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.05. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The firm had revenue of $576.77 million during the quarter, compared to the consensus estimate of $565.04 million. During the same quarter in the previous year, the firm posted $0.73 EPS. The company's revenue for the quarter was up 13.4% compared to the same quarter last year. On average, research analysts expect that Ollie's Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Ollie's Bargain Outlet Company Profile

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.

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