Ollie's Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $133.00 at Royal Bank of Canada

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) had its price objective increased by analysts at Royal Bank of Canada from $130.00 to $133.00 in a note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has an "outperform" rating on the stock. Royal Bank of Canada's price target would indicate a potential upside of 34.86% from the stock's current price.

Several other analysts also recently commented on the stock. Craig Hallum boosted their target price on shares of Ollie's Bargain Outlet from $107.00 to $130.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Loop Capital upped their price objective on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Wells Fargo & Company raised their target price 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. StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. increased their price objective on Ollie's Bargain Outlet from $105.00 to $135.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $118.29.

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Ollie's Bargain Outlet Trading Down 0.1 %

OLLI stock traded down $0.15 during mid-day trading on Friday, hitting $98.62. The stock had a trading volume of 33,929 shares, compared to its average volume of 973,806. Ollie's Bargain Outlet has a 1-year low of $68.05 and a 1-year high of $120.03. The company has a fifty day moving average of $105.99 and a 200 day moving average of $100.99. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.21 and a beta of 0.83.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $517.43 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. As a group, sell-side analysts expect that Ollie's Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Larry Kraus sold 10,646 shares of Ollie's Bargain Outlet stock in a transaction that occurred 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 of the company's stock, valued at approximately $220,179.90. This trade represents a 84.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas Hendrickson sold 6,250 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $114.74, for a total value of $717,125.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,221 shares of company stock valued at $2,554,373. Insiders own 0.87% of the company's stock.

Institutional Investors Weigh In On Ollie's Bargain Outlet

A number of institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Ollie's Bargain Outlet by 489.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company's stock worth $25,000 after acquiring an additional 191 shares during the period. Wilmington Savings Fund Society FSB raised its position in Ollie's Bargain Outlet by 337.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC bought a new position in Ollie's Bargain Outlet during the fourth quarter worth about $26,000. Blue Trust Inc. boosted its holdings in Ollie's Bargain Outlet by 55.2% during the fourth quarter. Blue Trust Inc. now owns 284 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Ollie's Bargain Outlet in the 4th quarter valued at approximately $33,000.

About Ollie's Bargain Outlet

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.