Ollie’s Bargain Outlet (NASDAQ:OLLI – Free Report) had its target price boosted by Loop Capital from $120.00 to $130.00 in a research report released on Monday morning,Benzinga reports. Loop Capital currently has a buy rating on the stock.
Other equities research analysts have also issued reports about the stock. StockNews.com raised shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. UBS Group boosted their price target on Ollie’s Bargain Outlet from $97.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Wells Fargo & Company raised their price objective on Ollie’s Bargain Outlet from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Truist Financial upped their target price on Ollie’s Bargain Outlet from $109.00 to $121.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Bank of America increased their price target on shares of Ollie’s Bargain Outlet from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.62.
View Our Latest Research Report on OLLI
Ollie’s Bargain Outlet Stock Performance
Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie’s Bargain Outlet’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. As a group, sell-side analysts predict that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.
Insider Activity
In other news, CEO John W. Swygert sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $102.54, for a total value of $246,096.00. Following the completion of the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $4,942,428. The trade was a 4.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Kraus sold 10,646 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the transaction, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. This trade represents a 84.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,172 shares of company stock valued at $9,878,158 in the last three months. 0.87% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Ollie’s Bargain Outlet
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new position in shares of Ollie’s Bargain Outlet during the 2nd quarter worth about $25,000. Crewe Advisors LLC purchased a new stake in Ollie’s Bargain Outlet during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC raised its holdings in shares of Ollie’s Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 179 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new position in shares of Ollie’s Bargain Outlet in the third quarter valued at approximately $117,000. Finally, LRI Investments LLC boosted its stake in shares of Ollie’s Bargain Outlet by 2,356.1% in the third quarter. LRI Investments LLC now owns 1,400 shares of the company’s stock worth $130,000 after acquiring an additional 1,343 shares during the last quarter.
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.
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