Ollie's Bargain Outlet (NASDAQ:OLLI) Shares Gap Up - Time to Buy?

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $99.06, but opened at $106.46. Ollie's Bargain Outlet shares last traded at $109.03, with a volume of 477,631 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently commented on OLLI. Wells Fargo & Company boosted their price objective on Ollie's Bargain Outlet from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 11th. Jefferies Financial Group cut Ollie's Bargain Outlet from a "buy" rating to a "hold" rating and dropped their price target for the stock from $125.00 to $111.00 in a research report on Tuesday, February 4th. Royal Bank of Canada boosted their price target on Ollie's Bargain Outlet from $130.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. StockNews.com cut Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Tuesday, February 4th. Finally, UBS Group boosted their price target on Ollie's Bargain Outlet from $117.00 to $123.00 and gave the stock a "neutral" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.08.

Remove Ads

Ollie's Bargain Outlet Stock Performance

The company has a 50 day moving average price of $105.16 and a 200 day moving average price of $101.70. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 31.90, 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 announced its quarterly earnings results 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 analyst estimates of $674.61 million. During the same period last year, the company earned $1.23 EPS. The business's revenue for the quarter was up 2.8% on a year-over-year basis. On average, research analysts forecast that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 earnings per share for the current year.

Hedge Funds Weigh In On Ollie's Bargain Outlet

Several large investors have recently modified their holdings of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in 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 in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in Ollie's Bargain Outlet by 337.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company's stock worth $26,000 after acquiring an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new position in Ollie's Bargain Outlet during the 4th quarter worth about $26,000. Blue Trust Inc. lifted its stake in Ollie's Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company's stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Finally, Brown Brothers Harriman & Co. acquired a new position in Ollie's Bargain Outlet during the 4th quarter worth about $33,000.

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.