Brokerages Set Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) PT at $104.92

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) has received an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $104.92.

Several research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Ollie's Bargain Outlet from $102.00 to $109.00 and gave the stock a "buy" rating in a report on Friday, July 12th. Gordon Haskett raised shares of Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and raised their target price for the stock from $105.00 to $107.00 in a report on Monday, August 26th. Royal Bank of Canada raised their target price on shares of Ollie's Bargain Outlet from $100.00 to $106.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. UBS Group raised their target price on shares of Ollie's Bargain Outlet from $97.00 to $99.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. Finally, Bank of America raised their target price on shares of Ollie's Bargain Outlet from $102.00 to $115.00 and gave the stock a "buy" rating in a report on Monday, September 30th.

Insider Buying and Selling

In related news, CFO Robert F. Helm sold 2,401 shares of the business's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Robert F. Helm sold 2,401 shares of the business's stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $94.68, for a total transaction of $227,326.68. Following the transaction, the chief financial officer now directly owns 2,021 shares in the company, valued at approximately $191,348.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Kevin Mclain sold 15,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total transaction of $1,484,850.00. Following the transaction, the senior vice president now owns 10,610 shares in the company, valued at $1,050,283.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,880 shares of company stock worth $2,462,470. 0.87% of the stock is owned by insiders.

Institutional Investors Weigh In On Ollie's Bargain Outlet

Several large investors have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in Ollie's Bargain Outlet by 6.4% during the 2nd quarter. Signaturefd LLC now owns 1,727 shares of the company's stock worth $170,000 after buying an additional 104 shares during the period. Trust Point Inc. increased its position in shares of Ollie's Bargain Outlet by 1.0% in the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company's stock valued at $1,281,000 after purchasing an additional 134 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Ollie's Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company's stock valued at $63,000 after buying an additional 179 shares in the last quarter. Vista Investment Partners LLC boosted its holdings in shares of Ollie's Bargain Outlet by 1.8% in the 1st quarter. Vista Investment Partners LLC now owns 11,087 shares of the company's stock valued at $882,000 after buying an additional 191 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Ollie's Bargain Outlet by 2.4% in the 2nd quarter. Bank of Montreal Can now owns 8,319 shares of the company's stock valued at $820,000 after buying an additional 195 shares in the last quarter.

Ollie's Bargain Outlet Trading Down 0.0 %

Shares of NASDAQ:OLLI traded down $0.04 on Friday, hitting $90.71. 837,456 shares of the company were exchanged, compared to its average volume of 1,028,548. Ollie's Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $104.98. The stock's 50 day moving average price is $95.08 and its 200 day moving average price is $89.73. The firm has a market capitalization of $5.57 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 2.28 and a beta of 0.84.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.78 EPS for the quarter, hitting 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 the consensus estimate of $561.60 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The business's revenue for the quarter was up 12.4% compared to the same quarter last year. On average, equities analysts predict that Ollie's Bargain Outlet will post 3.28 EPS 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.