Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been assigned an average rating of “Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $39.60.

Several equities analysts have recently weighed in on OLLI shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, May 25th. MKM Partners cut shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research note on Tuesday, May 30th. BidaskClub cut shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 23rd. TheStreet raised shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Finally, Piper Jaffray Companies set a $48.00 price target on shares of Ollie’s Bargain Outlet Holdings and gave the stock a “buy” rating in a research note on Thursday, June 1st.

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In other news, VP Kenneth Robert Bertram sold 10,500 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $42.81, for a total value of $449,505.00. Following the completion of the sale, the vice president now owns 10,500 shares of the company’s stock, valued at approximately $449,505. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mark L. Butler sold 285,623 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $45.19, for a total value of $12,907,303.37. Following the completion of the sale, the chief executive officer now directly owns 5,038,224 shares of the company’s stock, valued at approximately $227,677,342.56. The disclosure for this sale can be found here. In the last three months, insiders sold 494,233 shares of company stock valued at $22,241,680. 22.25% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC increased its stake in Ollie’s Bargain Outlet Holdings by 29.0% in the first quarter. Flinton Capital Management LLC now owns 3,026 shares of the company’s stock valued at $101,000 after buying an additional 680 shares during the last quarter. Invictus RG bought a new stake in Ollie’s Bargain Outlet Holdings during the first quarter valued at approximately $101,000. Advisor Group Inc. increased its stake in Ollie’s Bargain Outlet Holdings by 23.2% in the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after buying an additional 537 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Ollie’s Bargain Outlet Holdings during the second quarter valued at approximately $139,000. Finally, LS Investment Advisors LLC increased its stake in Ollie’s Bargain Outlet Holdings by 125.2% in the first quarter. LS Investment Advisors LLC now owns 4,329 shares of the company’s stock valued at $145,000 after buying an additional 2,407 shares during the last quarter. 92.90% of the stock is owned by institutional investors.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded up 2.78% during mid-day trading on Friday, reaching $44.35. 505,149 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $43.71 and a 200 day moving average price of $38.09. Ollie’s Bargain Outlet Holdings has a 52-week low of $24.12 and a 52-week high of $46.08. The company has a market cap of $2.71 billion, a PE ratio of 41.84 and a beta of 0.15.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, May 31st. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.02. The company had revenue of $227.60 million during the quarter, compared to analysts’ expectations of $220.56 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.25% and a return on equity of 10.11%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Equities analysts predict that Ollie’s Bargain Outlet Holdings will post $1.17 earnings per share for the current fiscal year.

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.

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

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