Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) has earned an average recommendation of “Buy” from the six analysts that are currently covering the firm. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $35.60.

OLLI has been the topic of a number of analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 target price on shares of Ollie's Bargain Outlet Holdings in a research note on Wednesday, January 11th. Zacks Investment Research cut Ollie's Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Royal Bank of Canada upped their target price on Ollie's Bargain Outlet Holdings from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, March 29th. Finally, MKM Partners reaffirmed a “buy” rating and set a $39.00 target price (up previously from $34.00) on shares of Ollie's Bargain Outlet Holdings in a research note on Friday, March 31st.

Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) traded up 0.0003% during trading on Tuesday, reaching $40.1001. The company had a trading volume of 47,959 shares. Ollie's Bargain Outlet Holdings has a one year low of $22.25 and a one year high of $41.00. The firm’s 50 day moving average is $35.11 and its 200 day moving average is $31.45. The company has a market capitalization of $2.44 billion, a PE ratio of 41.7709 and a beta of 0.15.

Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) last released its earnings results on Tuesday, March 28th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $283.40 million for the quarter, compared to analysts’ expectations of $281.05 million. Ollie's Bargain Outlet Holdings had a return on equity of 9.29% and a net margin of 6.05%. The company’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, equities research analysts predict that Ollie's Bargain Outlet Holdings will post $1.16 earnings per share for the current year.

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In other news, VP Howard Freedman sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $36.28, for a total transaction of $1,088,400.00. Following the transaction, the vice president now owns 60,180 shares of the company’s stock, valued at $2,183,330.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John W. Swygert sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $32.52, for a total value of $650,400.00. Following the transaction, the chief financial officer now directly owns 45,000 shares in the company, valued at approximately $1,463,400. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,431 shares of company stock worth $4,280,365. Insiders own 21.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sawgrass Asset Management LLC boosted its position in shares of Ollie's Bargain Outlet Holdings by 1.3% in the third quarter. Sawgrass Asset Management LLC now owns 15,130 shares of the company’s stock valued at $397,000 after buying an additional 190 shares during the period. LMR Partners LLP boosted its position in shares of Ollie's Bargain Outlet Holdings by 244.7% in the third quarter. LMR Partners LLP now owns 350,000 shares of the company’s stock valued at $9,174,000 after buying an additional 248,449 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Ollie's Bargain Outlet Holdings by 21.8% in the third quarter. Bank of New York Mellon Corp now owns 482,836 shares of the company’s stock valued at $12,655,000 after buying an additional 86,341 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Ollie's Bargain Outlet Holdings by 4,555.3% in the third quarter. PNC Financial Services Group Inc. now owns 3,957 shares of the company’s stock valued at $104,000 after buying an additional 3,872 shares during the period. Finally, Swiss National Bank boosted its position in shares of Ollie's Bargain Outlet Holdings by 52.5% in the third quarter. Swiss National Bank now owns 78,400 shares of the company’s stock valued at $2,055,000 after buying an additional 27,000 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

Ollie's Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

5 Day Chart for NASDAQ:OLLI

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