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

Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $116.58.

OLLI has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock an "outperform" rating in a report on Wednesday. Wells Fargo & Company increased their target price on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday. Gordon Haskett raised Ollie's Bargain Outlet from an "accumulate" rating to a "buy" rating and upped their price target for the company from $105.00 to $107.00 in a research note on Monday, August 26th. Truist Financial increased their price target on shares of Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd.

Insider Buying and Selling

In related news, SVP Kevin Mclain sold 15,000 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.99, for a total value of $1,484,850.00. Following the completion of the transaction, the senior vice president now owns 10,610 shares of the company's stock, valued at approximately $1,050,283.90. This trade represents a 58.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert F. Helm sold 2,401 shares of the business's stock in a transaction dated 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 directly owns 2,021 shares in the company, valued at $191,348.28. This trade represents a 54.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 95,755 shares of company stock valued at $10,165,712. Company insiders own 0.87% of the company's stock.

Institutional Trading of Ollie's Bargain Outlet

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in shares of Ollie's Bargain Outlet in the 2nd quarter valued at about $25,000. Crewe Advisors LLC acquired a new stake in Ollie's Bargain Outlet in the 2nd quarter valued at about $36,000. GAMMA Investing LLC grew its holdings in Ollie's Bargain Outlet by 37.9% during the third quarter. GAMMA Investing LLC now owns 651 shares of the company's stock worth $63,000 after purchasing an additional 179 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in Ollie's Bargain Outlet during the third quarter worth approximately $117,000. Finally, LRI Investments LLC raised its stake in Ollie's Bargain Outlet by 2,356.1% in the third quarter. LRI Investments LLC now owns 1,400 shares of the company's stock valued at $130,000 after buying an additional 1,343 shares during the period.

Ollie's Bargain Outlet Trading Up 1.4 %

NASDAQ OLLI traded up $1.58 on Friday, hitting $112.77. 1,719,538 shares of the company were exchanged, compared to its average volume of 1,052,579. Ollie's Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $115.98. The firm has a 50 day moving average of $96.26 and a two-hundred day moving average of $95.41. The company has a market cap of $6.91 billion, a P/E ratio of 33.66, a P/E/G ratio of 2.81 and a beta of 0.85.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its 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. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The company's revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that Ollie's Bargain Outlet will post 3.29 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.