Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Consensus Rating of "Moderate Buy" by Brokerages

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $123.08.

Several brokerages have weighed in on OLLI. Jefferies Financial Group downgraded Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and cut their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Craig Hallum raised their target price on Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. StockNews.com downgraded Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th. UBS Group upped their price objective on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. Finally, Bank of America lifted their target price on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, December 11th.

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Institutional Trading of Ollie's Bargain Outlet

Several institutional investors have recently modified their holdings of the stock. 111 Capital acquired a new position in shares of Ollie's Bargain Outlet during the 4th quarter worth about $280,000. Wealth Enhancement Advisory Services LLC increased its stake in Ollie's Bargain Outlet by 65.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,574 shares of the company's stock worth $721,000 after buying an additional 2,608 shares in the last quarter. Jefferies Financial Group Inc. raised its holdings in shares of Ollie's Bargain Outlet by 20.3% during the fourth quarter. Jefferies Financial Group Inc. now owns 3,628 shares of the company's stock valued at $398,000 after acquiring an additional 611 shares during the last quarter. ABLE Financial Group LLC lifted its position in shares of Ollie's Bargain Outlet by 34.3% in the fourth quarter. ABLE Financial Group LLC now owns 8,705 shares of the company's stock valued at $955,000 after acquiring an additional 2,224 shares in the last quarter. Finally, Pullen Investment Management LLC boosted its stake in shares of Ollie's Bargain Outlet by 46.0% in the fourth quarter. Pullen Investment Management LLC now owns 6,217 shares of the company's stock worth $682,000 after acquiring an additional 1,960 shares during the last quarter.

Ollie's Bargain Outlet Stock Performance

NASDAQ OLLI traded down $1.85 during trading hours on Tuesday, reaching $106.37. The stock had a trading volume of 1,133,675 shares, compared to its average volume of 1,090,893. Ollie's Bargain Outlet has a 52-week low of $68.05 and a 52-week high of $120.03. The stock has a fifty day moving average of $105.30 and a 200 day moving average of $101.85. The stock has a market cap of $6.52 billion, a P/E ratio of 31.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The business had revenue of $667.10 million during the quarter, compared to analysts' expectations of $674.61 million. During the same period last year, the company earned $1.23 earnings per share. The firm's revenue was up 2.8% on a year-over-year basis. On average, equities research analysts forecast 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 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.