Brokerages Set Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Target Price at $100.09

Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $101.50.

A number of equities research analysts have issued reports on OLLI shares. Royal Bank of Canada lifted their target price on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the company an “equal weight” rating in a research note on Thursday, June 6th. JPMorgan Chase & Co. raised shares of Ollie’s Bargain Outlet from a “neutral” rating to an “overweight” rating and set a $105.00 target price for the company in a research note on Monday, June 17th. Finally, Wells Fargo & Company lifted their target price on shares of Ollie’s Bargain Outlet from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th.

Insider Activity

In other news, CEO John W. Swygert sold 11,756 shares of Ollie’s Bargain Outlet stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total transaction of $884,286.32. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at approximately $3,625,604. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total value of $884,286.32. Following the transaction, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,625,604. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Der Valk Eric Van sold 1,438 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $90.00, for a total transaction of $129,420.00. Following the completion of the transaction, the president now owns 4,158 shares in the company, valued at $374,220. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,310 shares of company stock worth $4,109,613. Corporate insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

Large investors have recently modified their holdings of the stock. Venturi Wealth Management LLC raised its stake in shares of 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 buying an additional 204 shares during the last quarter. Operose Advisors LLC bought a new stake in shares of Ollie’s Bargain Outlet during the third quarter worth approximately $26,000. ORG Partners LLC bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth approximately $28,000. Blue Bell Private Wealth Management LLC bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth approximately $29,000. Finally, YHB Investment Advisors Inc. bought a new stake in shares of Ollie’s Bargain Outlet during the first quarter worth approximately $48,000.

Ollie’s Bargain Outlet Stock Performance

Ollie’s Bargain Outlet stock opened at $98.17 on Friday. The company has a 50 day moving average price of $82.11 and a 200 day moving average price of $77.24. Ollie’s Bargain Outlet has a 52 week low of $57.31 and a 52 week high of $100.44. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 2.67 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $508.82 million during the quarter, compared to analyst estimates of $506.49 million. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue was up 10.8% on a year-over-year basis. Equities analysts forecast that Ollie’s Bargain Outlet will post 3.26 earnings per share for the current fiscal year.

About Ollie’s Bargain Outlet

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.