Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $126.79 Consensus PT from Analysts

Key Points

• Ollie's Bargain Outlet Holdings, Inc. has received a consensus rating of "Moderate Buy" from 14 ratings firms, with a target price averaging $126.79.
• In recent earnings results, the company reported $576.77 million in revenue and $0.75 EPS, exceeding expectations and showing a 13.4% increase year-over-year.
• Insider trading activity includes CEO Eric Van Der Valk selling 728 shares at an average price of $112.85, decreasing his position by 8.58%.

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $126.79.

Several research firms have recently commented on OLLI. Royal Bank Of Canada reissued an "outperform" rating and set a $133.00 price target on shares of Ollie's Bargain Outlet in a research note on Wednesday, June 4th. 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 research note on Wednesday, June 4th. Truist Financial increased their price target on shares of Ollie's Bargain Outlet from $126.00 to $128.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Loop Capital cut shares of Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and set a $130.00 price target on the stock. in a research note on Tuesday, June 24th. Finally, Wall Street Zen raised shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 728 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $112.85, for a total value of $82,154.80. Following the sale, the chief executive officer directly owned 7,761 shares in the company, valued at approximately $875,828.85. This trade represents a 8.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.75% of the company's stock.

Institutional Investors Weigh In On Ollie's Bargain Outlet

Several hedge funds have recently bought and sold shares of the company. Forum Financial Management LP acquired a new stake in shares of Ollie's Bargain Outlet during the second quarter worth $282,000. Stephens Investment Management Group LLC raised its holdings in shares of Ollie's Bargain Outlet by 0.8% during the second quarter. Stephens Investment Management Group LLC now owns 816,087 shares of the company's stock worth $107,544,000 after acquiring an additional 6,805 shares during the period. Legacy Wealth Asset Management LLC raised its holdings in shares of Ollie's Bargain Outlet by 7.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 3,193 shares of the company's stock worth $421,000 after acquiring an additional 214 shares during the period. Wallace Advisory Group LLC raised its holdings in shares of Ollie's Bargain Outlet by 5.3% during the second quarter. Wallace Advisory Group LLC now owns 5,140 shares of the company's stock worth $677,000 after acquiring an additional 261 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Ollie's Bargain Outlet by 3.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 60,558 shares of the company's stock worth $7,980,000 after acquiring an additional 1,917 shares during the period.

Ollie's Bargain Outlet Trading Down 0.3%

NASDAQ OLLI traded down $0.46 during trading hours on Monday, reaching $138.05. 101,624 shares of the company's stock were exchanged, compared to its average volume of 1,184,065. The stock has a market cap of $8.47 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 3.10 and a beta of 0.41. Ollie's Bargain Outlet has a one year low of $86.05 and a one year high of $140.25. The firm has a fifty day moving average of $123.70 and a 200-day moving average of $113.42.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. The business had revenue of $576.77 million for the quarter, compared to analyst estimates of $565.04 million. Ollie's Bargain Outlet had a return on equity of 12.27% and a net margin of 8.59%. Ollie's Bargain Outlet's revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. As a group, research analysts forecast that Ollie's Bargain Outlet will post 3.29 EPS for the current 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.