Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been given an average rating of “Buy” by the fifteen analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $47.50.

A number of brokerages have issued reports on OLLI. Zacks Investment Research cut shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a report on Thursday. Bank of America Corporation reissued a “buy” rating and issued a $52.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Tuesday, September 5th. BidaskClub raised shares of 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 raised 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 report on Wednesday, August 30th. Finally, Stephens began coverage on shares of Ollie’s Bargain Outlet Holdings in a report on Tuesday. They issued an “overweight” rating and a $53.00 target price on the stock.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 posted $0.21 earnings per share. Ollie’s Bargain Outlet Holdings’s revenue was up 20.5% on a year-over-year basis.

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In other Ollie’s Bargain Outlet Holdings news, SVP Omar Segura sold 43,323 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $45.15, for a total value of $1,956,033.45. Following the sale, the senior vice president now owns 26,000 shares in the company, valued at $1,173,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $661,808.70. Following the completion of the sale, the vice president now owns 39,370 shares in the company, valued at approximately $1,777,555.50. The disclosure for this sale can be found here. Insiders sold 1,150,604 shares of company stock worth $52,550,809 in the last 90 days. 22.25% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. Alps Advisors Inc. increased its stake in shares of Ollie’s Bargain Outlet Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock valued at $647,000 after purchasing an additional 40 shares during the period. LS Investment Advisors LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings by 1.1% in the second quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock valued at $186,000 after purchasing an additional 46 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Ollie’s Bargain Outlet Holdings by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the company’s stock valued at $839,000 after purchasing an additional 200 shares during the period. Arizona State Retirement System increased its stake in shares of Ollie’s Bargain Outlet Holdings by 1.2% in the second quarter. Arizona State Retirement System now owns 25,200 shares of the company’s stock valued at $1,074,000 after purchasing an additional 300 shares during the period. Finally, D.A. Davidson & CO. increased its stake in shares of Ollie’s Bargain Outlet Holdings by 14.9% in the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after purchasing an additional 447 shares during the period. Institutional investors own 91.92% 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.

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

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