Ollie’s Bargain Outlet (NASDAQ:OLLI) Stock Price Up 4.8%

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI – Get Rating) rose 4.8% during trading on Friday . The company traded as high as $51.54 and last traded at $51.32. Approximately 10,721 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 1,229,948 shares. The stock had previously closed at $48.97.

Analyst Upgrades and Downgrades

OLLI has been the topic of a number of research analyst reports. Loop Capital dropped their target price on shares of Ollie’s Bargain Outlet from $50.00 to $45.00 in a research note on Thursday, December 8th. Wells Fargo & Company dropped their target price on shares of Ollie’s Bargain Outlet from $70.00 to $60.00 in a research note on Thursday, December 8th. Jefferies Financial Group lowered their price target on shares of Ollie’s Bargain Outlet from $65.00 to $60.00 in a research report on Thursday, December 8th. Citigroup lowered their price target on shares of Ollie’s Bargain Outlet from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, December 8th. Finally, StockNews.com cut shares of Ollie’s Bargain Outlet from a “hold” rating to a “sell” rating in a research report on Saturday, November 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.40.

Ollie’s Bargain Outlet Price Performance

The stock’s 50-day moving average is $53.03 and its 200 day moving average is $57.63. The company has a market cap of $3.24 billion, a PE ratio of 34.70, a PEG ratio of 2.56 and a beta of 0.91.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of hedge funds and other institutional investors have recently bought and sold shares of OLLI. FNY Investment Advisers LLC purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter worth $30,000. James Investment Research Inc. purchased a new position in shares of Ollie’s Bargain Outlet in the second quarter worth $33,000. CWM LLC raised its holdings in shares of Ollie’s Bargain Outlet by 138.4% in the second quarter. CWM LLC now owns 615 shares of the company’s stock worth $36,000 after buying an additional 357 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of Ollie’s Bargain Outlet in the third quarter worth $36,000. Finally, IFP Advisors Inc raised its holdings in shares of Ollie’s Bargain Outlet by 470.7% in the third quarter. IFP Advisors Inc now owns 799 shares of the company’s stock worth $59,000 after buying an additional 659 shares during the last quarter.

Ollie’s Bargain Outlet Company Profile

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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.