Brokerages Set Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Target Price at $104.92

Shares of Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $104.92.

A number of equities research analysts have issued reports on OLLI shares. JPMorgan Chase & Co. cut their price target on Ollie's Bargain Outlet from $113.00 to $105.00 and set an "overweight" rating for the company in a research note on Friday, August 30th. Bank of America boosted their price target on Ollie's Bargain Outlet from $102.00 to $115.00 and gave the company a "buy" rating in a report on Monday, September 30th. Loop Capital reiterated a "buy" rating and issued a $110.00 target price on shares of Ollie's Bargain Outlet in a research note on Friday, September 20th. StockNews.com cut shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a report on Tuesday, October 22nd. Finally, Piper Sandler restated an "overweight" rating and issued a $107.00 price objective on shares of Ollie's Bargain Outlet in a research note on Friday, October 4th.

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 54.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin Mclain sold 15,000 shares of the company's 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 owns 10,610 shares in the company, valued at $1,050,283.90. The trade was a 58.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,880 shares of company stock valued at $2,462,470 in the last 90 days. 0.87% of the stock is currently owned by corporate insiders.

Institutional Trading of Ollie's Bargain Outlet

Several institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in Ollie's Bargain Outlet during the second quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new position in Ollie's Bargain Outlet in the second quarter valued at approximately $31,000. Crewe Advisors LLC acquired a new stake in shares of Ollie's Bargain Outlet during the second quarter worth about $36,000. Versant Capital Management Inc acquired a new position in shares of Ollie's Bargain Outlet in the 2nd quarter valued at $38,000. Finally, GAMMA Investing LLC raised its stake in Ollie's Bargain Outlet by 686.7% during the 2nd quarter. GAMMA Investing LLC now owns 472 shares of the company's stock valued at $46,000 after acquiring an additional 412 shares during the last quarter.

Ollie's Bargain Outlet Price Performance

NASDAQ:OLLI traded down $1.84 during mid-day trading on Wednesday, reaching $87.56. The stock had a trading volume of 937,744 shares, compared to its average volume of 1,025,335. The stock has a market capitalization of $5.37 billion, a PE ratio of 26.70, a P/E/G ratio of 2.29 and a beta of 0.84. Ollie's Bargain Outlet has a 12 month low of $68.05 and a 12 month high of $104.98. The stock has a 50-day simple moving average of $95.01 and a two-hundred day simple moving average of $92.20.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.78. Ollie's Bargain Outlet had a net margin of 9.19% and a return on equity of 13.27%. 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 prior year, the firm posted $0.67 EPS. The firm's quarterly revenue was up 12.4% compared to the same quarter last year. Equities analysts expect that Ollie's Bargain Outlet will post 3.27 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.