Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $40.00 at Truist Financial

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) had its price objective increased by Truist Financial from $38.00 to $40.00 in a report released on Thursday, The Fly reports.

A number of other analysts have also issued reports on OLLI. UBS Group lowered their target price on Ollie’s Bargain Outlet from $55.00 to $46.00 and set a neutral rating on the stock in a report on Thursday, March 24th. Stephens lowered their target price on Ollie’s Bargain Outlet from $73.00 to $66.00 and set an overweight rating on the stock in a report on Friday, March 25th. Bank of America raised Ollie’s Bargain Outlet from an underperform rating to a buy rating and raised their target price for the company from $30.00 to $75.00 in a report on Friday, May 20th. StockNews.com started coverage on Ollie’s Bargain Outlet in a report on Thursday, March 31st. They issued a hold rating on the stock. Finally, Zacks Investment Research raised Ollie’s Bargain Outlet from a sell rating to a hold rating and set a $56.00 target price on the stock in a report on Tuesday, April 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $60.44.

Shares of OLLI stock opened at $53.38 on Thursday. The stock’s 50 day simple moving average is $48.21 and its 200 day simple moving average is $47.84. Ollie’s Bargain Outlet has a twelve month low of $37.67 and a twelve month high of $95.43. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.41 and a beta of 1.10.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last issued its quarterly earnings data on Wednesday, June 8th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.11). Ollie’s Bargain Outlet had a net margin of 8.98% and a return on equity of 11.47%. The company had revenue of $406.70 million during the quarter, compared to the consensus estimate of $417.48 million. During the same period in the previous year, the business posted $0.80 earnings per share. The firm’s revenue was down 10.1% on a year-over-year basis. Sell-side analysts predict that Ollie’s Bargain Outlet will post 2.1 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Wolf Group Capital Advisors lifted its position in shares of Ollie’s Bargain Outlet by 213.9% during the 4th quarter. Wolf Group Capital Advisors now owns 52,272 shares of the company’s stock worth $2,676,000 after buying an additional 35,620 shares during the period. First Trust Advisors LP lifted its position in shares of Ollie’s Bargain Outlet by 41.1% during the 4th quarter. First Trust Advisors LP now owns 306,711 shares of the company’s stock worth $15,701,000 after buying an additional 89,281 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $66,000. Citigroup Inc. raised its position in Ollie’s Bargain Outlet by 12.5% in the 4th quarter. Citigroup Inc. now owns 63,904 shares of the company’s stock valued at $3,271,000 after purchasing an additional 7,123 shares during the last quarter. Finally, LPL Financial LLC raised its position in Ollie’s Bargain Outlet by 22.1% in the 3rd quarter. LPL Financial LLC now owns 31,146 shares of the company’s stock valued at $1,872,000 after purchasing an additional 5,628 shares during the last quarter.

About Ollie’s Bargain Outlet (Get Rating)

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. 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.

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