Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Increased to $102.00 by Analysts at Truist Financial

Ollie’s Bargain Outlet (NASDAQ:OLLIFree Report) had its price objective boosted by Truist Financial from $86.00 to $102.00 in a research report released on Thursday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Bank of America increased their target price on shares of Ollie’s Bargain Outlet from $92.00 to $102.00 and gave the company a buy rating in a research note on Thursday. Royal Bank of Canada increased their price objective on shares of Ollie’s Bargain Outlet from $86.00 to $101.00 and gave the stock an outperform rating in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Ollie’s Bargain Outlet from $85.00 to $89.00 and gave the stock a neutral rating in a research note on Thursday. Loop Capital upped their target price on Ollie’s Bargain Outlet from $90.00 to $100.00 and gave the company a buy rating in a research note on Thursday. Finally, Morgan Stanley raised their price target on Ollie’s Bargain Outlet from $80.00 to $92.00 and gave the stock an equal weight rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $94.67.

Read Our Latest Report on OLLI

Ollie’s Bargain Outlet Trading Down 6.1 %

Shares of NASDAQ:OLLI opened at $84.35 on Thursday. Ollie’s Bargain Outlet has a 12 month low of $57.31 and a 12 month high of $91.08. The company has a 50-day moving average price of $75.46 and a 200 day moving average price of $75.22. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 2.70 and a beta of 0.82.

Ollie’s Bargain Outlet (NASDAQ:OLLIGet Free Report) last issued its quarterly earnings data on Wednesday, June 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $508.82 million for the quarter, compared to the consensus estimate of $506.49 million. Ollie’s Bargain Outlet had a return on equity of 13.39% and a net margin of 9.14%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. As a group, equities analysts forecast that Ollie’s Bargain Outlet will post 3.22 EPS for the current year.

Insider Buying and Selling

In other news, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $75.22, for a total value of $884,286.32. Following the completion of the sale, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,625,604. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Ollie’s Bargain Outlet news, VP Larry Kraus sold 2,928 shares of Ollie’s Bargain Outlet stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $79.00, for a total value of $231,312.00. Following the transaction, the vice president now owns 1,905 shares in the company, valued at $150,495. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Swygert sold 11,756 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $75.22, for a total transaction of $884,286.32. Following the completion of the transaction, the chief executive officer now owns 48,200 shares of the company’s stock, valued at $3,625,604. The disclosure for this sale can be found here. Insiders sold a total of 33,881 shares of company stock valued at $2,674,393 over the last three months. 0.87% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Capital Research Global Investors acquired a new stake in Ollie’s Bargain Outlet in the first quarter valued at approximately $136,978,000. Norges Bank purchased a new stake in shares of Ollie’s Bargain Outlet during the 4th quarter valued at $59,215,000. Wellington Management Group LLP boosted its position in shares of Ollie’s Bargain Outlet by 141.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,075,882 shares of the company’s stock worth $83,037,000 after purchasing an additional 630,298 shares in the last quarter. Invesco Ltd. grew its stake in Ollie’s Bargain Outlet by 76.1% during the 3rd quarter. Invesco Ltd. now owns 831,522 shares of the company’s stock worth $64,177,000 after buying an additional 359,371 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Ollie’s Bargain Outlet by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,882,908 shares of the company’s stock valued at $468,103,000 after buying an additional 343,903 shares in 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 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.

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Analyst Recommendations for Ollie's Bargain Outlet (NASDAQ:OLLI)

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