Wells Fargo & Company initiated coverage on shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm set a “market perform” rating and a $45.00 price target on the stock. Wells Fargo & Company’s price objective would suggest a potential upside of 1.12% from the company’s current price.

Several other analysts have also issued reports on the company. Zacks Investment Research raised Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Friday, September 8th. Royal Bank Of Canada boosted their price target on Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday, August 30th. Bank of America Corporation reissued a “buy” rating and set a $52.00 price target on shares of Ollie’s Bargain Outlet Holdings in a report on Tuesday, September 5th. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target (up previously from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, August 31st. Finally, TheStreet raised Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 17th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Ollie’s Bargain Outlet Holdings presently has an average rating of “Buy” and a consensus price target of $47.58.

Ollie’s Bargain Outlet Holdings (OLLI) traded down $0.15 during trading hours on Friday, reaching $44.50. The company’s stock had a trading volume of 458,611 shares, compared to its average volume of 390,570. The company has a quick ratio of 0.29, a current ratio of 2.80 and a debt-to-equity ratio of 0.17. The firm has a market cap of $2,732.83, a P/E ratio of 41.20, a price-to-earnings-growth ratio of 1.92 and a beta of 0.16.

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 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 business had revenue of $254.60 million during the quarter, compared to analyst estimates of $242.85 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. Ollie’s Bargain Outlet Holdings’s revenue for the quarter was up 20.5% on a year-over-year basis. research analysts forecast that Ollie’s Bargain Outlet Holdings will post 1.19 EPS for the current year.

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In related news, VP Howard Freedman sold 14,658 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $45.15, for a total value of $661,808.70. Following the sale, the vice president now directly owns 39,370 shares in the company, valued at $1,777,555.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark L. Butler sold 334,200 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $46.02, for a total value of $15,379,884.00. Following the completion of the sale, the chief executive officer now owns 4,770,421 shares in the company, valued at $219,534,774.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,150,604 shares of company stock valued at $52,550,809. Corporate insiders own 22.25% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Advisor Group Inc. lifted its position in shares of Ollie’s Bargain Outlet Holdings by 23.2% in the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after buying an additional 537 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Ollie’s Bargain Outlet Holdings in the second quarter worth about $139,000. D.A. Davidson & CO. lifted its position 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 worth $146,000 after buying an additional 447 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Ollie’s Bargain Outlet Holdings by 165.2% in the second quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock worth $178,000 after buying an additional 2,604 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Ollie’s Bargain Outlet Holdings by 302.7% in the second quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock worth $182,000 after buying an additional 3,200 shares in the last quarter. 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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