Royal Bank of Canada Reaffirms "Outperform" Rating for Ollie's Bargain Outlet (NASDAQ:OLLI)

Royal Bank of Canada reaffirmed their outperform rating on shares of Ollie's Bargain Outlet (NASDAQ:OLLI - Free Report) in a research report released on Wednesday,Benzinga reports. The firm currently has a $133.00 price objective on the stock.

A number of other equities analysts also recently issued reports on the company. Wall Street Zen upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. JPMorgan Chase & Co. raised their target price 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. Morgan Stanley raised 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 note on Thursday, March 20th. UBS Group raised their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Finally, Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus target price of $124.50.

Ollie's Bargain Outlet Price Performance

Shares of OLLI stock traded up $0.60 on Wednesday, hitting $115.01. 1,138,716 shares of the company's stock were exchanged, compared to its average volume of 1,179,544. Ollie's Bargain Outlet has a 12 month low of $82.84 and a 12 month high of $122.15. The stock has a market cap of $7.06 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. The company has a 50 day moving average of $111.59 and a 200 day moving average of $107.79.

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

Insider Activity at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CEO Der Valk Eric Van sold 1,153 shares of the business's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $110.85, for a total value of $127,810.05. Following the transaction, the chief executive officer now owns 6,768 shares of the company's stock, valued at approximately $750,232.80. The trade was a 14.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert F. Helm sold 312 shares of the business's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $107.17, for a total value of $33,437.04. Following the completion of the transaction, the chief financial officer now directly owns 3,273 shares in the company, 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 valued at $4,227,970 over the last 90 days. Insiders own 0.75% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Wedmont Private Capital raised its stake in shares of Ollie's Bargain Outlet by 4.5% during the 1st quarter. Wedmont Private Capital now owns 2,084 shares of the company's stock valued at $238,000 after purchasing an additional 89 shares during the period. Belpointe Asset Management LLC raised its stake in shares of 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 valued at $815,000 after purchasing an additional 91 shares during the period. Legacy Capital Wealth Partners LLC raised its stake in shares of Ollie's Bargain Outlet by 3.4% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,834 shares of the company's stock valued at $311,000 after purchasing an additional 94 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of Ollie's Bargain Outlet by 3.4% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,912 shares of the company's stock valued at $320,000 after purchasing an additional 97 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares during the period.

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.