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 report issued to clients and investors on Friday.

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 reports about the company. BidaskClub raised Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 5th. Royal Bank Of Canada lifted their target price on Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. MKM Partners cut Ollie’s Bargain Outlet Holdings from a “buy” rating to a “neutral” rating and set a $39.00 target price on the stock. in a report on Tuesday, May 30th. TheStreet raised Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a report on Monday, July 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, August 31st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.88.

Ollie’s Bargain Outlet Holdings (OLLI) traded up 1.21% during mid-day trading on Friday, hitting $45.85. The company had a trading volume of 679,813 shares. The firm’s 50 day moving average is $45.57 and its 200 day moving average is $39.42. Ollie’s Bargain Outlet Holdings has a 52 week low of $24.80 and a 52 week high of $46.00. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 39.53 and a beta of 0.17.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its earnings results on Tuesday, August 29th. The company reported $0.27 EPS for the quarter, topping 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 company had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $242.85 million. During the same period last year, the firm earned $0.21 EPS. Ollie’s Bargain Outlet Holdings’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, equities research analysts predict that Ollie’s Bargain Outlet Holdings will post $1.19 EPS for the current year.

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In other Ollie’s Bargain Outlet Holdings news, VP Kenneth Robert Bertram sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $43.25, for a total transaction of $259,500.00. Following the completion of the transaction, the vice president now owns 6,000 shares in the company, valued at $259,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark L. Butler sold 6,248 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $45.00, for a total value of $281,160.00. Following the transaction, the chief executive officer now owns 4,880,480 shares of the company’s stock, valued at approximately $219,621,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 469,981 shares of company stock valued at $21,212,335. 22.25% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in OLLI. BlackRock Inc. boosted its position in shares of Ollie’s Bargain Outlet Holdings by 213,381.5% during the first quarter. BlackRock Inc. now owns 4,826,816 shares of the company’s stock valued at $161,699,000 after buying an additional 4,824,555 shares during the period. FMR LLC boosted its position in shares of Ollie’s Bargain Outlet Holdings by 22.3% during the first quarter. FMR LLC now owns 6,550,250 shares of the company’s stock valued at $219,433,000 after buying an additional 1,195,337 shares during the period. MARSHALL WACE ASIA Ltd purchased a new position in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at approximately $38,228,000. Marshall Wace North America L.P. purchased a new position in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at approximately $38,228,000. Finally, Capital World Investors purchased a new position in shares of Ollie’s Bargain Outlet Holdings during the second quarter valued at approximately $38,979,000. Institutional investors and hedge funds own 92.47% 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 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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