Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been given a consensus rating of “Hold” by the sixteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $83.88.
A number of brokerages have commented on OLLI. Wells Fargo & Company upgraded Ollie’s Bargain Outlet from an “underweight” rating to an “equal weight” rating and set a $70.00 price objective on the stock in a research report on Friday, August 27th. Morgan Stanley reduced their price target on Ollie’s Bargain Outlet from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, September 13th. Berenberg Bank upgraded Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Wednesday, September 8th. Piper Sandler reduced their price target on Ollie’s Bargain Outlet from $112.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, August 27th. Finally, Zacks Investment Research lowered Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and set a $89.00 price target on the stock. in a research report on Tuesday, August 24th.
In other Ollie’s Bargain Outlet news, Director Thomas Hendrickson sold 1,500 shares of Ollie’s Bargain Outlet stock in a transaction dated Friday, August 6th. The stock was sold at an average price of $89.05, for a total value of $133,575.00. Following the sale, the director now owns 2,448 shares of the company’s stock, valued at approximately $217,994.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John W. Swygert sold 30,688 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $92.49, for a total value of $2,838,333.12. Following the completion of the sale, the chief executive officer now directly owns 31,156 shares in the company, valued at approximately $2,881,618.44. The disclosure for this sale can be found here. Insiders sold a total of 39,988 shares of company stock worth $3,696,331 in the last three months. Company insiders own 0.69% of the company’s stock.
Shares of OLLI opened at $63.16 on Monday. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.11 and a beta of 1.20. The business’s fifty day moving average price is $80.57 and its two-hundred day moving average price is $84.96. Ollie’s Bargain Outlet has a 52 week low of $63.11 and a 52 week high of $123.52.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, August 25th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.03). The firm had revenue of $415.88 million during the quarter, compared to the consensus estimate of $434.60 million. Ollie’s Bargain Outlet had a net margin of 11.09% and a return on equity of 14.40%. The firm’s quarterly revenue was down 21.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 earnings per share. On average, equities analysts forecast that Ollie’s Bargain Outlet will post 2.7 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.
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