Analysts Set Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) PT at $118.62

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $118.62.

Several research firms have recently commented on OLLI. JPMorgan Chase & Co. boosted their target price on shares of Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Ollie's Bargain Outlet from a "sell" rating to a "hold" rating in a report on Saturday, December 28th. Wells Fargo & Company increased their price objective on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, December 11th. Citigroup upgraded Ollie's Bargain Outlet from a "sell" rating to a "buy" rating and boosted their target price for the company from $64.00 to $133.00 in a research note on Wednesday, December 18th. Finally, Piper Sandler upped their price target on Ollie's Bargain Outlet from $107.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th.

Insiders Place Their Bets

In related news, CFO Robert F. Helm sold 2,401 shares of the company's stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $94.68, for a total value of $227,326.68. Following the completion of 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 54.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the firm's stock in a transaction dated 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 directly owns 1,905 shares in the company, valued at approximately $220,179.90. This represents a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,172 shares of company stock worth $9,878,158 in the last three months. 0.87% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in Ollie's Bargain Outlet by 6.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 7,574 shares of the company's stock worth $744,000 after acquiring an additional 433 shares during the last quarter. National Bank of Canada FI grew its holdings in Ollie's Bargain Outlet by 1,058.1% in the 2nd quarter. National Bank of Canada FI now owns 2,571 shares of the company's stock worth $253,000 after acquiring an additional 2,349 shares during the last quarter. Arizona State Retirement System increased its position in shares of Ollie's Bargain Outlet by 1.5% in the second quarter. Arizona State Retirement System now owns 17,180 shares of the company's stock valued at $1,687,000 after acquiring an additional 253 shares during the period. MGO One Seven LLC raised its stake in shares of Ollie's Bargain Outlet by 8.9% during the second quarter. MGO One Seven LLC now owns 14,182 shares of the company's stock valued at $1,392,000 after acquiring an additional 1,154 shares during the last quarter. Finally, AGF Management Ltd. grew its stake in shares of Ollie's Bargain Outlet by 4.1% in the second quarter. AGF Management Ltd. now owns 29,245 shares of the company's stock worth $2,871,000 after purchasing an additional 1,154 shares during the last quarter.

Ollie's Bargain Outlet Trading Up 0.9 %

OLLI stock traded up $0.95 during midday trading on Thursday, hitting $104.45. The stock had a trading volume of 739,876 shares, compared to its average volume of 1,034,695. The business has a fifty day moving average price of $103.37 and a two-hundred day moving average price of $98.44. 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 cap of $6.40 billion, a P/E ratio of 31.18, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82.

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

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.