Loop Capital Reaffirms “Buy” Rating for Ollie’s Bargain Outlet (NASDAQ:OLLI)

Loop Capital reiterated their buy rating on shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) in a report released on Friday, Benzinga reports. They currently have a $110.00 target price on the stock.

OLLI has been the subject of a number of other research reports. Royal Bank of Canada reduced their price objective on Ollie’s Bargain Outlet from $101.00 to $100.00 and set an outperform rating for the company in a research report on Friday, August 30th. Gordon Haskett upgraded shares of Ollie’s Bargain Outlet from an accumulate rating to a buy rating and upped their price target for the stock from $105.00 to $107.00 in a research report on Monday, August 26th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a hold rating to a sell rating in a research report on Friday, August 30th. Morgan Stanley upped their target price on shares of Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an equal weight rating in a research report on Thursday, June 6th. Finally, Craig Hallum lifted their price target on Ollie’s Bargain Outlet from $100.00 to $105.00 and gave the company a buy rating in a report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Ollie’s Bargain Outlet presently has a consensus rating of Moderate Buy and a consensus price target of $103.33.

Ollie’s Bargain Outlet Price Performance

Ollie’s Bargain Outlet stock opened at $98.99 on Friday. Ollie’s Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $104.98. The company has a fifty day moving average price of $95.41 and a two-hundred day moving average price of $86.26. The company has a market cap of $6.06 billion, a PE ratio of 31.23, a P/E/G ratio of 2.48 and a beta of 0.84.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. Ollie’s Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. The business had revenue of $578.38 million during the quarter, compared to analyst estimates of $561.60 million. During the same period in the previous year, the business posted $0.67 EPS. The company’s quarterly revenue was up 12.4% on a year-over-year basis. Equities research analysts anticipate that Ollie’s Bargain Outlet will post 3.28 earnings per share for the current year.

Insider Activity

In other Ollie’s Bargain Outlet news, SVP James J. Comitale sold 2,153 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total value of $224,278.01. Following the sale, the senior vice president now directly owns 2,732 shares in the company, valued at $284,592.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP James J. Comitale sold 2,153 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $104.17, for a total value of $224,278.01. Following the transaction, the senior vice president now owns 2,732 shares of the company’s stock, valued at approximately $284,592.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the sale, the senior vice president now directly owns 10,610 shares of the company’s stock, valued at $1,050,283.90. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet in the 2nd quarter valued at $25,000. Opal Wealth Advisors LLC purchased a new stake in Ollie’s Bargain Outlet during the second quarter valued at about $31,000. Crewe Advisors LLC acquired a new position in shares of Ollie’s Bargain Outlet in the second quarter worth about $36,000. ORG Partners LLC purchased a new position in shares of Ollie’s Bargain Outlet in the first quarter worth approximately $28,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Ollie’s Bargain Outlet during the second quarter valued at approximately $38,000.

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.