Loop Capital Forecasts Strong Price Appreciation for Ollie's Bargain Outlet (NASDAQ:OLLI) Stock

Ollie's Bargain Outlet (NASDAQ:OLLI - Free Report) had its price objective raised by Loop Capital from $120.00 to $130.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

OLLI has been the subject of several other research reports. StockNews.com upgraded Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a research note on Thursday. Craig Hallum raised their target price on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Wells Fargo & Company increased their price target on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 11th. Truist Financial lifted their price objective on Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $130.00 target price on shares of Ollie's Bargain Outlet in a research note on Monday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Ollie's Bargain Outlet has an average rating of "Moderate Buy" and a consensus price target of $118.62.

Ollie's Bargain Outlet Stock Down 0.3 %

NASDAQ:OLLI traded down $0.34 during trading hours on Monday, reaching $117.57. 654,191 shares of the company's stock were exchanged, compared to its average volume of 1,059,668. Ollie's Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $120.03. The firm has a market capitalization of $7.20 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 2.79 and a beta of 0.85. The company has a 50-day moving average of $98.38 and a 200 day moving average of $96.54.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $517.43 million for the quarter, compared to analyst estimates of $518.83 million. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The business's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. Research analysts forecast that Ollie's Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ollie's Bargain Outlet news, SVP Larry Kraus sold 10,646 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the completion of the transaction, the senior vice president now owns 1,905 shares in the company, valued at approximately $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas Hendrickson sold 6,250 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $114.74, for a total transaction of $717,125.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,172 shares of company stock worth $9,878,158. 0.87% of the stock is owned by corporate insiders.

Institutional Trading of Ollie's Bargain Outlet

Several institutional investors and hedge funds have recently made changes to their positions in OLLI. International Assets Investment Management LLC acquired a new stake in Ollie's Bargain Outlet during the second quarter worth approximately $25,000. Crewe Advisors LLC purchased a new stake in shares of Ollie's Bargain Outlet in the second quarter valued at $36,000. GAMMA Investing LLC increased its stake in Ollie's Bargain Outlet by 37.9% in the third quarter. GAMMA Investing LLC now owns 651 shares of the company's stock valued at $63,000 after purchasing an additional 179 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new position in Ollie's Bargain Outlet during the third quarter worth about $117,000. Finally, LRI Investments LLC boosted its stake in Ollie's Bargain Outlet by 2,356.1% in the 3rd quarter. LRI Investments LLC now owns 1,400 shares of the company's stock worth $130,000 after buying an additional 1,343 shares during the last quarter.

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.