Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Ollie’s Bargain Outlet Holdings, Inc. is a retailer of closeouts, excess inventory and salvage merchandise. The Company’s product includes housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware. Its brand portfolio consist of Ollie’s, Ollie’s Bargain Outlet, Ollie’s Army, Real Brands! Real Bargains! and Good Stuff Cheap. The company operates primarily in Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. Ollie’s Bargain Outlet Holdings, Inc. is based in Harrisburg, United States. “

A number of other equities research analysts also recently issued reports on the stock. Jefferies Group LLC restated a “buy” rating and issued a $37.00 target price on shares of Ollie's Bargain Outlet Holdings in a report on Wednesday, January 11th. Johnson Rice downgraded shares of Ollie's Bargain Outlet Holdings from a “buy” rating to an “accumulate” rating in a report on Wednesday, January 4th. MKM Partners restated a “buy” rating and issued a $34.00 target price (up from $33.00) on shares of Ollie's Bargain Outlet Holdings in a report on Friday, December 9th. Finally, Royal Bank of Canada boosted their target price on shares of Ollie's Bargain Outlet Holdings from $32.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, December 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Ollie's Bargain Outlet Holdings has an average rating of “Buy” and an average target price of $32.50.

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

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Shares of Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) opened at 32.50 on Tuesday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 39.30 and a beta of 0.15. The stock has a 50 day moving average of $31.66 and a 200-day moving average of $29.25. Ollie's Bargain Outlet Holdings has a one year low of $21.37 and a one year high of $33.45.

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In related news, VP Kenneth Robert Bertram sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $31.26, for a total value of $171,930.00. Following the completion of the sale, the vice president now directly owns 5,500 shares in the company, valued at $171,930. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kevin Mclain sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $31.42, for a total transaction of $314,200.00. Following the completion of the sale, the senior vice president now owns 10,000 shares of the company’s stock, valued at $314,200. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,631 shares of company stock valued at $2,597,465. 21.80% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Sowell Financial Services LLC bought a new stake in Ollie's Bargain Outlet Holdings during the fourth quarter worth about $392,000. Thrivent Financial for Lutherans bought a new stake in Ollie's Bargain Outlet Holdings during the fourth quarter worth about $731,000. Teachers Retirement System of The State of Kentucky bought a new stake in Ollie's Bargain Outlet Holdings during the fourth quarter worth about $467,000. AQR Capital Management LLC increased its stake in Ollie's Bargain Outlet Holdings by 74.9% in the fourth quarter. AQR Capital Management LLC now owns 26,315 shares of the company’s stock worth $749,000 after buying an additional 11,270 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Ollie's Bargain Outlet Holdings by 131.8% in the fourth quarter. Guggenheim Capital LLC now owns 66,052 shares of the company’s stock worth $1,879,000 after buying an additional 37,552 shares during the last quarter. Hedge funds and other institutional investors own 87.47% of the company’s stock.

Ollie's Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

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