Ollie's Bargain Outlet (NASDAQ:OLLI) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Ollie's Bargain Outlet (NASDAQ:OLLI - Free Report) from a sell rating to a hold rating in a report released on Saturday.

Other equities research analysts also recently issued research reports about the company. Wells Fargo & Company raised 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. UBS Group raised their price target on shares of Ollie's Bargain Outlet from $97.00 to $99.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Piper Sandler boosted their price objective on shares of Ollie's Bargain Outlet from $107.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Bank of America increased their target price on shares of Ollie's Bargain Outlet from $115.00 to $130.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Finally, Loop Capital lifted 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 report on Monday, December 23rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Ollie's Bargain Outlet has a consensus rating of "Moderate Buy" and an average target price of $118.62.

Ollie's Bargain Outlet Price Performance

Shares of NASDAQ:OLLI traded down $2.20 during trading hours on Friday, hitting $117.60. The company's stock had a trading volume of 733,768 shares, compared to its average volume of 1,054,117. The firm's fifty day moving average price is $100.74 and its 200 day moving average price is $97.56. Ollie's Bargain Outlet has a 52 week low of $68.05 and a 52 week high of $120.03. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of 35.10, a P/E/G ratio of 2.79 and a beta of 0.85.

Ollie's Bargain Outlet (NASDAQ:OLLI - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $517.43 million during the quarter, compared to the consensus estimate of $518.83 million. Ollie's Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. Ollie's Bargain Outlet's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, equities research analysts predict that Ollie's Bargain Outlet will post 3.29 earnings per share for the current fiscal year.

Insider Transactions at Ollie's Bargain Outlet

In other Ollie's Bargain Outlet news, SVP James J. Comitale sold 5,325 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $113.95, for a total value of $606,783.75. Following the sale, the senior vice president now directly owns 3,140 shares of the company's stock, valued at approximately $357,803. This represents a 62.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Swygert sold 4,032 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $102.51, for a total value of $413,320.32. Following the transaction, the chief executive officer now owns 48,200 shares of the company's stock, valued at $4,940,982. The trade was a 7.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 90,172 shares of company stock worth $9,878,158 over the last three months. 0.87% of the stock is currently owned by insiders.

Institutional Trading of Ollie's Bargain Outlet

A number of hedge funds have recently modified their holdings of OLLI. International Assets Investment Management LLC purchased a new stake in Ollie's Bargain Outlet in the 2nd quarter worth approximately $25,000. GAMMA Investing LLC lifted its stake in shares of Ollie's Bargain Outlet by 37.9% in the 3rd quarter. GAMMA Investing LLC now owns 651 shares of the company's stock valued at $63,000 after purchasing an additional 179 shares during the period. Northwest & Ethical Investments L.P. purchased a new stake in Ollie's Bargain Outlet during the third quarter worth $117,000. LRI Investments LLC grew its position in Ollie's Bargain Outlet by 2,356.1% during 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. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Ollie's Bargain Outlet in the third quarter valued at $151,000.

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.