Ollie's Bargain Outlet (NASDAQ:OLLI) Downgraded to Sell at StockNews.com

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also issued reports on OLLI. UBS Group increased their price target on Ollie's Bargain Outlet from $97.00 to $99.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Truist Financial increased their target price on Ollie's Bargain Outlet from $102.00 to $109.00 and gave the stock a "buy" rating in a research report on Friday, July 12th. JPMorgan Chase & Co. lowered their price target on Ollie's Bargain Outlet from $113.00 to $105.00 and set an "overweight" rating on the stock in a report on Friday, August 30th. Piper Sandler reaffirmed an "overweight" rating and set a $107.00 price objective on shares of Ollie's Bargain Outlet in a report on Friday, October 4th. Finally, Royal Bank of Canada boosted 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. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $104.92.

Ollie's Bargain Outlet Stock Performance

Shares of OLLI stock traded down $1.31 during mid-day trading on Tuesday, hitting $91.79. The company's stock had a trading volume of 1,076,246 shares, compared to its average volume of 1,029,999. Ollie's Bargain Outlet has a 52-week low of $68.05 and a 52-week high of $104.98. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 2.35 and a beta of 0.84. The business has a 50-day moving average price of $95.16 and a 200 day moving average price of $89.47.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.78. Ollie's Bargain Outlet had a return on equity of 13.27% and a net margin of 9.19%. 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 company posted $0.67 EPS. The business's quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts predict that Ollie's Bargain Outlet will post 3.28 EPS for the current fiscal year.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, CFO Robert F. Helm sold 2,401 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the sale, the chief financial officer now owns 2,021 shares of the company's stock, valued at approximately $191,348.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ollie's Bargain Outlet news, SVP Kevin Mclain sold 15,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the sale, the senior vice president now directly owns 10,610 shares in the company, valued at approximately $1,050,283.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert F. Helm sold 2,401 shares of the firm's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $94.68, for a total transaction of $227,326.68. Following the completion of the transaction, the chief financial officer now directly owns 2,021 shares of the company's stock, valued at approximately $191,348.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,880 shares of company stock valued at $2,462,470. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Ollie's Bargain Outlet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Ollie's Bargain Outlet by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 5,539,005 shares of the company's stock worth $420,355,000 after purchasing an additional 43,979 shares during the period. Diversified Trust Co grew its stake in Ollie's Bargain Outlet by 23.4% in the 1st quarter. Diversified Trust Co now owns 4,488 shares of the company's stock valued at $357,000 after acquiring an additional 852 shares during the period. State of Michigan Retirement System grew its stake in Ollie's Bargain Outlet by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 15,103 shares of the company's stock valued at $1,202,000 after acquiring an additional 300 shares during the period. Wasatch Advisors LP raised its position in Ollie's Bargain Outlet by 4.1% during the first quarter. Wasatch Advisors LP now owns 3,917,575 shares of the company's stock worth $311,721,000 after acquiring an additional 156,095 shares during the period. Finally, Norden Group LLC lifted its holdings in Ollie's Bargain Outlet by 2,574.5% during the first quarter. Norden Group LLC now owns 133,992 shares of the company's stock valued at $10,662,000 after purchasing an additional 128,982 shares in 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.