Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $124.50 Consensus Price Target from Brokerages

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) has been given an average recommendation of "Moderate Buy" by the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $124.50.

OLLI has been the subject of a number of recent analyst reports. Truist Financial raised their price target on shares of Ollie's Bargain Outlet from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. KeyCorp reissued an "overweight" rating and set a $135.00 price target on shares of Ollie's Bargain Outlet in a research report on Wednesday, June 4th. JPMorgan Chase & Co. raised their price objective on Ollie's Bargain Outlet from $135.00 to $137.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. Royal Bank of Canada restated an "outperform" rating and set a $133.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. Finally, Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock traded down $0.90 during mid-day trading on Friday, reaching $112.11. 1,222,089 shares of the company were exchanged, compared to its average volume of 1,177,717. Ollie's Bargain Outlet has a fifty-two week low of $84.48 and a fifty-two week high of $122.15. The company has a market capitalization of $6.88 billion, a P/E ratio of 33.47, a P/E/G ratio of 2.21 and a beta of 0.37. The business's 50 day simple moving average is $111.50 and its 200 day simple moving average is $108.64.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 earnings per share for the quarter, topping 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 business had revenue of $576.77 million during the quarter, compared to the consensus estimate of $565.04 million. During the same quarter last year, the company earned $0.73 earnings per share. The business's quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts forecast that Ollie's Bargain Outlet will post 3.29 EPS for the current year.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, CFO Robert F. Helm sold 312 shares of the firm's stock in a transaction on 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 directly owns 3,273 shares of the company's stock, valued at approximately $350,767.41. This trade represents a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John W. Swygert sold 3,331 shares of the firm's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $114.60, for a total value of $381,732.60. Following the transaction, the chairman now directly owns 48,200 shares in the company, valued at $5,523,720. This trade represents a 6.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,897 shares of company stock worth $4,227,970. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Ollie's Bargain Outlet by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,821,957 shares of the company's stock worth $638,843,000 after acquiring an additional 70,496 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Ollie's Bargain Outlet by 173.8% during the fourth 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 during the period. Congress Asset Management Co. grew its holdings in Ollie's Bargain Outlet by 181.6% during the fourth quarter. Congress Asset Management Co. now owns 1,916,584 shares of the company's stock worth $210,307,000 after acquiring an additional 1,235,994 shares during the period. Invesco Ltd. grew its holdings in Ollie's Bargain Outlet by 1.1% during the fourth quarter. Invesco Ltd. now owns 1,645,472 shares of the company's stock worth $180,558,000 after acquiring an additional 17,302 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Ollie's Bargain Outlet by 12.9% during the fourth quarter. Alliancebernstein L.P. now owns 1,629,572 shares of the company's stock worth $178,813,000 after acquiring an additional 186,313 shares during the period.

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.