Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

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. “

Other equities research analysts have also recently issued research reports about the stock. BidaskClub raised shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 5th. Bank of America Corporation reissued a “buy” rating and issued a $52.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research note on Tuesday, September 5th. Buckingham Research set a $41.00 target price on shares of Ollie’s Bargain Outlet Holdings and gave the stock a “hold” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada lifted their target price on shares of Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 30th. Finally, 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. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Ollie’s Bargain Outlet Holdings presently has a consensus rating of “Buy” and an average target price of $46.88.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded up 2.38% during trading on Thursday, hitting $45.20. 693,891 shares of the company were exchanged. The firm’s 50-day moving average price is $44.03 and its 200 day moving average price is $39.26. The firm has a market capitalization of $2.77 billion, a PE ratio of 38.97 and a beta of 0.17. Ollie’s Bargain Outlet Holdings has a 12 month low of $24.12 and a 12 month high of $46.08.

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

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In other Ollie’s Bargain Outlet Holdings news, VP Kenneth Robert Bertram sold 10,500 shares of Ollie’s Bargain Outlet Holdings stock in a transaction on Monday, June 12th. The shares were sold at an average price of $42.81, for a total transaction of $449,505.00. Following the sale, the vice president now owns 10,500 shares of the company’s stock, valued at approximately $449,505. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin Mclain sold 20,000 shares of Ollie’s Bargain Outlet Holdings stock in a transaction on Monday, June 12th. The stock was sold at an average price of $43.05, for a total transaction of $861,000.00. Following the sale, the senior vice president now directly owns 20,000 shares in the company, valued at approximately $861,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 500,481 shares of company stock worth $22,522,840. 22.25% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. raised its holdings in shares of Ollie’s Bargain Outlet Holdings by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock worth $647,000 after acquiring an additional 40 shares during the period. LS Investment Advisors LLC raised its holdings in shares of Ollie’s Bargain Outlet Holdings by 1.1% during the 2nd quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock worth $186,000 after acquiring an additional 46 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Ollie’s Bargain Outlet Holdings by 2.9% during the 1st quarter. State of Alaska Department of Revenue now owns 5,280 shares of the company’s stock worth $176,000 after acquiring an additional 150 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Ollie’s Bargain Outlet Holdings by 1.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the company’s stock worth $839,000 after acquiring an additional 200 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of Ollie’s Bargain Outlet Holdings by 2.1% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,870 shares of the company’s stock worth $364,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds 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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