Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $142.1429.

OLLI has been the topic of a number of research reports. The Goldman Sachs Group reissued a “buy” rating and set a $162.00 target price on shares of Ollie’s Bargain Outlet in a report on Wednesday, December 10th. Craig Hallum reiterated a “buy” rating and issued a $157.00 price target on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Ollie’s Bargain Outlet in a research note on Wednesday, December 10th. KeyCorp reissued an “overweight” rating on shares of Ollie’s Bargain Outlet in a research report on Wednesday, December 10th. Finally, Citigroup dropped their price target on shares of Ollie’s Bargain Outlet from $150.00 to $141.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th.

Insider Buying and Selling

In other Ollie’s Bargain Outlet news, Chairman John W. Swygert sold 1,126 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $112.06, for a total transaction of $126,179.56. Following the completion of the sale, the chairman directly owned 48,200 shares in the company, valued at approximately $5,401,292. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

Several large investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in Ollie’s Bargain Outlet by 301.8% in the third quarter. Allworth Financial LP now owns 221 shares of the company’s stock valued at $28,000 after buying an additional 166 shares during the period. Private Trust Co. NA increased its stake in shares of Ollie’s Bargain Outlet by 71.3% in the 3rd quarter. Private Trust Co. NA now owns 245 shares of the company’s stock valued at $31,000 after acquiring an additional 102 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Ollie’s Bargain Outlet by 218.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 255 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. Assetmark Inc. lifted its position in shares of Ollie’s Bargain Outlet by 44.8% during the 2nd quarter. Assetmark Inc. now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 82 shares during the period. Finally, Maseco LLP bought a new position in Ollie’s Bargain Outlet during the fourth quarter worth $30,000.

Ollie’s Bargain Outlet Stock Down 2.4%

Shares of OLLI stock opened at $106.28 on Tuesday. Ollie’s Bargain Outlet has a twelve month low of $97.04 and a twelve month high of $141.74. The stock’s fifty day simple moving average is $111.38 and its 200 day simple moving average is $119.69. The firm has a market capitalization of $6.52 billion, a P/E ratio of 29.36, a P/E/G ratio of 1.67 and a beta of 0.53.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, December 9th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. Ollie’s Bargain Outlet had a return on equity of 12.86% and a net margin of 8.81%.The firm had revenue of $613.62 million for the quarter, compared to analyst estimates of $613.63 million. During the same period last year, the firm posted $0.58 earnings per share. The business’s revenue for the quarter was up 18.6% on a year-over-year basis. As a group, equities research analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet is an American discount retailer specializing in closeout merchandise and surplus inventory across a broad range of categories. The company operates a no-frills retail format that offers branded and private-label products at significant markdowns. Its merchandise mix typically includes housewares, electronics, health and beauty items, food products, beauty supplies, books, toys, and seasonal goods.

Founded in 1982 by Oliver E. “Ollie” Rosenberg, the company is headquartered in Harrisburg, Pennsylvania.