Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage currently has a $49.00 target price on the stock. Zacks Investment Research‘s target price suggests a potential upside of 8.41% from the company’s previous close.

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 analysts have also commented on the company. BidaskClub raised Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. MKM Partners lowered Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price target on the stock. in a research note on Tuesday, May 30th. Royal Bank Of Canada reissued 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. TheStreet raised Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Finally, Jefferies Group LLC restated a “buy” rating and set a $50.00 price objective (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, August 31st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Ollie’s Bargain Outlet Holdings has an average rating of “Buy” and an average price target of $46.88.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded up 2.38% during mid-day trading on Friday, reaching $45.20. The company’s stock had a trading volume of 693,891 shares. Ollie’s Bargain Outlet Holdings has a 12 month low of $24.12 and a 12 month high of $46.08. The company has a 50-day moving average of $44.03 and a 200-day moving average of $39.26. The firm has a market cap of $2.77 billion, a PE ratio of 38.97 and a beta of 0.17.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The firm had revenue of $254.60 million for the quarter, compared to analyst estimates of $242.85 million. During the same period last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, analysts predict that Ollie’s Bargain Outlet Holdings will post $1.19 earnings per share for the current year.

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In other news, CEO Mark L. Butler sold 285,623 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $45.19, for a total transaction of $12,907,303.37. Following the completion of the transaction, the chief executive officer now directly owns 5,038,224 shares in the company, valued at $227,677,342.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Omar Segura sold 43,323 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $45.15, for a total value of $1,956,033.45. Following the transaction, the senior vice president now owns 26,000 shares of the company’s stock, valued at $1,173,900. The disclosure for this sale can be found here. Insiders have sold 500,481 shares of company stock valued at $22,522,840 over the last 90 days. 22.25% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Teachers Advisors LLC increased its holdings in Ollie’s Bargain Outlet Holdings by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 32,999 shares of the company’s stock worth $939,000 after purchasing an additional 828 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in Ollie’s Bargain Outlet Holdings by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the company’s stock worth $653,000 after purchasing an additional 400 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in Ollie’s Bargain Outlet Holdings in the first quarter worth approximately $235,000. State of Alaska Department of Revenue increased its holdings in Ollie’s Bargain Outlet Holdings by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock worth $176,000 after purchasing an additional 150 shares in the last quarter. Finally, Profund Advisors LLC bought a new stake in Ollie’s Bargain Outlet Holdings in the first quarter worth approximately $225,000. Institutional investors own 92.90% of the company’s stock.

About Ollie’s Bargain Outlet Holdings

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.

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

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