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 rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $123.08.

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research note on Tuesday, February 4th. Jefferies Financial Group downgraded shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and decreased their target price for the company from $125.00 to $111.00 in a research report on Tuesday, February 4th. Royal Bank of Canada upped their price objective on shares of Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Piper Sandler cut their price objective on shares of Ollie's Bargain Outlet from $126.00 to $124.00 and set an "overweight" rating for the company in a report on Thursday, March 20th. Finally, Morgan Stanley raised their price objective on shares of Ollie's Bargain Outlet from $108.00 to $118.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th.

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,145 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $108.50, for a total transaction of $232,732.50. Following the completion of the sale, the chief financial officer now directly owns 3,888 shares in the company, valued at $421,848. This represents a 35.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Fisch sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $108.08, for a total transaction of $675,500.00. Following the sale, the director now directly owns 22,159 shares of the company's stock, valued at approximately $2,394,944.72. The trade was a 22.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,897 shares of company stock worth $4,227,970. 0.87% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ollie's Bargain Outlet

Several hedge funds have recently added to or reduced their stakes in OLLI. Corient Private Wealth LLC grew its stake in Ollie's Bargain Outlet by 86.2% in the fourth quarter. Corient Private Wealth LLC now owns 8,438 shares of the company's stock valued at $926,000 after purchasing an additional 3,906 shares in the last quarter. Next Century Growth Investors LLC lifted its holdings in shares of Ollie's Bargain Outlet by 27.6% in the fourth quarter. Next Century Growth Investors LLC now owns 162,136 shares of the company's stock worth $17,791,000 after acquiring an additional 35,075 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Ollie's Bargain Outlet in the fourth quarter worth about $1,345,000. JPMorgan Chase & Co. raised its holdings in Ollie's Bargain Outlet by 130.5% in the 4th quarter. JPMorgan Chase & Co. now owns 436,366 shares of the company's stock valued at $47,882,000 after buying an additional 247,065 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Ollie's Bargain Outlet by 36.5% in the 4th quarter. Van ECK Associates Corp now owns 46,659 shares of the company's stock valued at $5,120,000 after buying an additional 12,476 shares during the last quarter.

Ollie's Bargain Outlet Stock Performance

Shares of NASDAQ:OLLI traded up $4.57 during trading hours on Friday, hitting $114.31. 64,412 shares of the company's stock traded hands, compared to its average volume of 1,182,791. Ollie's Bargain Outlet has a 52 week low of $70.17 and a 52 week high of $120.03. The company's fifty day simple moving average is $107.03 and its two-hundred day simple moving average is $104.06. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 34.12, a price-to-earnings-growth ratio of 2.21 and a beta of 0.75.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.01). The business had revenue of $667.10 million during the quarter, compared to the consensus estimate of $674.61 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.23 earnings per share. On average, analysts anticipate that Ollie's Bargain Outlet will post 3.29 EPS 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.