Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $118.07.

A number of brokerages recently issued reports on OLLI. Bank of America increased their target price on Ollie's Bargain Outlet from $115.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $130.00 price target on shares of Ollie's Bargain Outlet in a research report on Monday, December 23rd. Wells Fargo & Company lifted their target price on shares of Ollie's Bargain Outlet from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, December 11th. Citigroup raised Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and raised their target price for the company from $64.00 to $133.00 in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price objective for the company from $125.00 to $111.00 in a research note on Tuesday, February 4th.

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Ollie's Bargain Outlet Trading Up 0.1 %

NASDAQ:OLLI traded up $0.15 during mid-day trading on Friday, hitting $103.66. 1,188,966 shares of the company's stock were exchanged, compared to its average volume of 959,670. The firm has a market capitalization of $6.35 billion, a P/E ratio of 30.91, a PEG ratio of 2.21 and a beta of 0.81. Ollie's Bargain Outlet has a fifty-two week low of $68.05 and a fifty-two week high of $120.03. The company has a 50 day simple moving average of $107.43 and a 200-day simple moving average of $100.73.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million for 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%. The company's quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. As a group, analysts expect that Ollie's Bargain Outlet will post 3.29 earnings per share for the current year.

Insider Transactions at Ollie's Bargain Outlet

In related news, SVP Larry Kraus sold 10,646 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $115.58, for a total transaction of $1,230,464.68. Following the sale, the senior vice president now owns 1,905 shares in the company, valued at approximately $220,179.90. This represents a 84.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John W. Swygert sold 2,400 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $102.54, for a total transaction 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. This trade represents a 4.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 78,939 shares of company stock valued at $8,745,031. 0.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Ollie's Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after buying an additional 191 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Ollie's Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after buying an additional 182 shares during the period. Bogart Wealth LLC acquired a new stake in shares of Ollie's Bargain Outlet in the fourth quarter worth $26,000. Blue Trust Inc. raised its holdings in shares of Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Ollie's Bargain Outlet in the 4th quarter valued at about $33,000.

Ollie's Bargain Outlet Company Profile

Ollie's Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company's products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.