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

Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $97.00, but opened at $100.96. Ollie's Bargain Outlet shares last traded at $101.71, with a volume of 196,382 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on OLLI shares. Piper Sandler boosted their price objective on Ollie's Bargain Outlet from $107.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised their price objective on shares of Ollie's Bargain Outlet from $105.00 to $135.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Truist Financial upped their target price on shares of Ollie's Bargain Outlet from $109.00 to $121.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Loop Capital raised their price target on shares of Ollie's Bargain Outlet from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Finally, StockNews.com lowered shares of Ollie's Bargain Outlet from a "hold" rating to a "sell" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Ollie's Bargain Outlet currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.62.

Ollie's Bargain Outlet Stock Performance

The stock has a 50-day moving average of $104.23 and a 200 day moving average of $98.60. The firm has a market capitalization of $6.55 billion, a P/E ratio of 31.90, a price-to-earnings-growth ratio of 2.63 and a beta of 0.82.

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, beating analysts' consensus estimates of $0.57 by $0.01. Ollie's Bargain Outlet had a return on equity of 13.15% and a net margin of 9.22%. The company had revenue of $517.43 million during the quarter, compared to analyst estimates of $518.83 million. The firm's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $0.51 earnings per share. On average, equities analysts predict that Ollie's Bargain Outlet Holdings, Inc. will post 3.29 EPS for the current year.

Insiders Place Their Bets

In related news, CEO John W. Swygert sold 4,032 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at $4,940,982. The trade was a 7.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Larry Kraus sold 10,646 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $115.58, for a total value of $1,230,464.68. Following the completion of the transaction, the senior vice president now owns 1,905 shares in the company, valued at $220,179.90. The trade was a 84.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,771 shares of company stock valued at $9,650,832. Insiders own 0.87% of the company's stock.

Institutional Trading of Ollie's Bargain Outlet

Institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in Ollie's Bargain Outlet by 25.3% in the fourth quarter. UMB Bank n.a. now owns 545 shares of the company's stock valued at $60,000 after purchasing an additional 110 shares in the last quarter. Trust Point Inc. raised its holdings in Ollie's Bargain Outlet by 1.0% during the 3rd quarter. Trust Point Inc. now owns 13,184 shares of the company's stock worth $1,281,000 after buying an additional 134 shares during the period. FORA Capital LLC boosted its holdings in shares of Ollie's Bargain Outlet by 3.2% in the third quarter. FORA Capital LLC now owns 4,800 shares of the company's stock valued at $467,000 after buying an additional 148 shares during the period. GAMMA Investing LLC boosted its stake in Ollie's Bargain Outlet by 37.9% in the 3rd 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. Finally, Farther Finance Advisors LLC increased its holdings in Ollie's Bargain Outlet by 5.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,544 shares of the company's stock worth $344,000 after purchasing an additional 188 shares in the last quarter.

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.