Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $107.00 at Piper Sandler

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target raised by Piper Sandler from $100.00 to $107.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Bank of America upped their price objective on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the stock a buy rating in a report on Thursday, June 6th. Truist Financial upped their price objective on shares of Ollie’s Bargain Outlet from $86.00 to $102.00 and gave the stock a buy rating in a report on Thursday, June 6th. Morgan Stanley upped their price objective on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an equal weight rating in a report on Thursday, June 6th. The Goldman Sachs Group upped their price objective on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a buy rating in a report on Thursday, March 21st. Finally, Royal Bank of Canada upped their price objective on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an outperform rating in a report on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Ollie’s Bargain Outlet presently has an average rating of Moderate Buy and a consensus target price of $101.50.

Ollie’s Bargain Outlet Stock Performance

Shares of OLLI opened at $98.17 on Tuesday. Ollie’s Bargain Outlet has a 1 year low of $57.31 and a 1 year high of $100.44. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. The firm has a fifty day moving average of $82.11 and a 200-day moving average of $77.21.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. Ollie’s Bargain Outlet had a net margin of 9.14% and a return on equity of 13.22%. The company had revenue of $508.82 million during the quarter, compared to the consensus estimate of $506.49 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts predict that Ollie’s Bargain Outlet will post 3.26 EPS for the current year.

Insider Activity

In other news, Director Thomas Hendrickson sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the transaction, the director now owns 5,659 shares in the company, valued at approximately $409,089.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Thomas Hendrickson sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $72.29, for a total value of $361,450.00. Following the transaction, the director now owns 5,659 shares in the company, valued at $409,089.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John W. Swygert sold 14,736 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $86.81, for a total value of $1,279,232.16. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $4,184,242. The disclosure for this sale can be found here. Insiders have sold 49,310 shares of company stock worth $4,109,613 in the last 90 days. Company insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Hedge funds have recently added to or reduced their stakes in the company. Treasurer of the State of North Carolina boosted its position in Ollie’s Bargain Outlet by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 27,065 shares of the company’s stock worth $2,089,000 after purchasing an additional 140 shares during the period. Alliance Wealth Advisors LLC UT boosted its position in Ollie’s Bargain Outlet by 3.4% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,410 shares of the company’s stock worth $335,000 after purchasing an additional 144 shares during the period. Diversified Trust Co boosted its position in Ollie’s Bargain Outlet by 4.8% during the fourth quarter. Diversified Trust Co now owns 3,636 shares of the company’s stock worth $276,000 after purchasing an additional 168 shares during the period. Vista Investment Partners LLC boosted its position in Ollie’s Bargain Outlet by 1.8% during the first quarter. Vista Investment Partners LLC now owns 11,087 shares of the company’s stock worth $882,000 after purchasing an additional 191 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in Ollie’s Bargain Outlet by 194.3% during the first quarter. Venturi Wealth Management LLC now owns 309 shares of the company’s stock worth $25,000 after purchasing an additional 204 shares during the period.

Ollie’s Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products.