Analysts Set Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Target Price at $125.21

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $125.21.

Several research firms recently commented on OLLI. Truist Financial boosted their price target on 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. Morgan Stanley lifted their target price on Ollie's Bargain Outlet from $108.00 to $118.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Loop Capital lowered Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 target price for the company. in a report on Tuesday, June 24th. KeyCorp set a $145.00 target price on shares of Ollie's Bargain Outlet and gave the company an "overweight" rating in a research note on Thursday, June 26th. Finally, Piper Sandler reissued an "overweight" rating and set a $123.00 price target (down from $124.00) on shares of Ollie's Bargain Outlet in a report on Wednesday, June 4th.

Insider Buying and Selling at Ollie's Bargain Outlet

In other news, Chairman John W. Swygert sold 3,331 shares of Ollie's Bargain Outlet stock in a transaction on Friday, April 4th. The stock was sold at an average price of $114.60, for a total transaction of $381,732.60. Following the transaction, the chairman owned 48,200 shares in the company, valued at approximately $5,523,720. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 312 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer owned 3,273 shares of the company's stock, valued at approximately $350,767.41. This represents a 8.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,371 shares of company stock valued at $497,324 in the last three months. 0.75% of the stock is currently owned by company insiders.

Institutional Trading of Ollie's Bargain Outlet

Several large investors have recently made changes to their positions in OLLI. Voya Investment Management LLC lifted its position in Ollie's Bargain Outlet by 4.2% during the 1st quarter. Voya Investment Management LLC now owns 8,774 shares of the company's stock worth $1,021,000 after acquiring an additional 357 shares during the last quarter. First Hawaiian Bank increased its position in shares of Ollie's Bargain Outlet by 0.9% during the 1st quarter. First Hawaiian Bank now owns 19,325 shares of the company's stock worth $2,249,000 after purchasing an additional 180 shares in the last quarter. Strs Ohio bought a new stake in Ollie's Bargain Outlet during the 1st quarter worth approximately $1,561,000. Belpointe Asset Management LLC grew its holdings in Ollie's Bargain Outlet by 1.3% during the 1st quarter. Belpointe Asset Management LLC now owns 7,001 shares of the company's stock worth $815,000 after acquiring an additional 91 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in Ollie's Bargain Outlet by 89.2% in the 1st quarter. Intech Investment Management LLC now owns 23,775 shares of the company's stock worth $2,766,000 after purchasing an additional 11,210 shares during the last quarter.

Ollie's Bargain Outlet Trading Up 3.7%

Shares of Ollie's Bargain Outlet stock traded up $4.87 during trading hours on Thursday, hitting $135.05. 427,736 shares of the company were exchanged, compared to its average volume of 1,168,640. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 41.56, a P/E/G ratio of 2.94 and a beta of 0.41. The business has a 50-day moving average of $115.96 and a 200-day moving average of $110.90. Ollie's Bargain Outlet has a 1 year low of $86.05 and a 1 year high of $135.05.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted 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 8.59% and a return on equity of 12.27%. The business had revenue of $576.77 million for the quarter, compared to analysts' expectations of $565.04 million. During the same period in the prior year, the company posted $0.73 EPS. The business's revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts anticipate that Ollie's Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

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.