Investment analysts at Stephens initiated coverage on shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a note issued to investors on Tuesday, The Fly reports. The brokerage set an “overweight” rating on the stock.

OLLI has been the topic of several other reports. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price objective (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, August 31st. Zacks Investment Research cut Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Royal Bank Of Canada lifted their price objective 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. KeyCorp reiterated a “buy” rating and issued a $50.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a report on Friday, September 29th. Finally, BidaskClub cut Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Ollie’s Bargain Outlet Holdings presently has a consensus rating of “Buy” and a consensus price target of $47.30.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) opened at 43.45 on Tuesday. The company has a 50 day moving average price of $45.57 and a 200-day moving average price of $45.56. The stock has a market capitalization of $2.66 billion, a P/E ratio of 37.46 and a beta of 0.20. Ollie’s Bargain Outlet Holdings has a 52-week low of $25.65 and a 52-week high of $46.90.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 in the previous year, the firm posted $0.21 EPS. Ollie’s Bargain Outlet Holdings’s revenue was up 20.5% compared to the same quarter last year. On average, analysts predict 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 Howard Freedman sold 14,658 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $45.15, for a total value of $661,808.70. Following the transaction, the vice president now directly owns 39,370 shares of the company’s stock, valued at approximately $1,777,555.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark L. Butler sold 334,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $46.02, for a total transaction of $15,379,884.00. Following the completion of the transaction, the chief executive officer now directly owns 4,770,421 shares in the company, valued at $219,534,774.42. The disclosure for this sale can be found here. Insiders sold a total of 1,150,604 shares of company stock worth $52,550,809 over the last three months. Corporate insiders own 22.25% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OLLI. Karp Capital Management Corp purchased a new position in Ollie’s Bargain Outlet Holdings in the 1st quarter worth approximately $221,000. Wellington Management Group LLP purchased a new position in Ollie’s Bargain Outlet Holdings in the 1st quarter worth approximately $3,505,000. Teachers Advisors LLC lifted its stake in Ollie’s Bargain Outlet Holdings by 7.8% in the 1st quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock worth $1,192,000 after purchasing an additional 2,578 shares in the last quarter. Legal & General Group Plc lifted its stake in Ollie’s Bargain Outlet Holdings by 0.8% in the 1st quarter. Legal & General Group Plc now owns 72,408 shares of the company’s stock worth $2,426,000 after purchasing an additional 559 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its stake in Ollie’s Bargain Outlet Holdings by 5.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 26,980 shares of the company’s stock worth $904,000 after purchasing an additional 1,280 shares in the last quarter. 91.92% of the stock is currently owned by institutional investors and hedge funds.

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.

The Fly

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

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