Citigroup Inc. began coverage on shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a research report issued on Friday, MarketBeat reports. The firm set a “sell” rating and a $39.00 price target on the stock. Citigroup Inc.’s target price points to a potential downside of 15.22% from the company’s previous close.

OLLI has been the subject of several other reports. Jefferies Group LLC reiterated a “buy” rating and set a $50.00 target price (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, August 31st. Stephens began coverage on Ollie’s Bargain Outlet Holdings in a research report on Tuesday, October 31st. They set an “overweight” rating and a $53.00 target price for the company. Zacks Investment Research downgraded Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. 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 research report on Wednesday, August 30th. Finally, KeyCorp reiterated a “buy” rating and set a $50.00 target price on shares of Ollie’s Bargain Outlet Holdings in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $46.92.

Ollie’s Bargain Outlet Holdings (NASDAQ OLLI) traded up $1.10 during trading hours on Friday, hitting $46.00. The stock had a trading volume of 603,535 shares, compared to its average volume of 593,057. Ollie’s Bargain Outlet Holdings has a fifty-two week low of $27.75 and a fifty-two week high of $46.90. The company has a market capitalization of $2,750.00 and a P/E ratio of 40.69. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 2.80.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, topping the 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 the consensus estimate of $242.85 million. During the same period last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. analysts forecast that Ollie’s Bargain Outlet Holdings will post 1.19 EPS for the current fiscal year.

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In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 6,248 shares of Ollie’s Bargain Outlet Holdings stock in a transaction dated Thursday, August 24th. The stock was 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 in the company, valued at $219,621,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark L. Butler sold 334,200 shares of Ollie’s Bargain Outlet Holdings stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $46.02, for a total value of $15,379,884.00. Following the completion of the transaction, the chief executive officer now owns 4,770,421 shares in the company, valued at approximately $219,534,774.42. The disclosure for this sale can be found here. Insiders sold 692,871 shares of company stock worth $31,879,134 in the last quarter. 22.25% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its stake in Ollie’s Bargain Outlet Holdings by 27.4% in the second quarter. Goldman Sachs Group Inc. now owns 208,271 shares of the company’s stock valued at $8,872,000 after purchasing an additional 44,743 shares during the last quarter. Wasatch Advisors Inc. grew its stake in Ollie’s Bargain Outlet Holdings by 1.2% in the second quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock valued at $133,625,000 after purchasing an additional 37,517 shares during the last quarter. Northern Trust Corp grew its stake in Ollie’s Bargain Outlet Holdings by 70.9% in the second quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock valued at $25,954,000 after purchasing an additional 252,781 shares during the last quarter. Teachers Advisors LLC grew its stake in Ollie’s Bargain Outlet Holdings by 7.8% in the first quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock valued at $1,192,000 after purchasing an additional 2,578 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Ollie’s Bargain Outlet Holdings by 31.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 199,683 shares of the company’s stock valued at $8,507,000 after purchasing an additional 48,299 shares during the last quarter. Institutional investors own 91.48% 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.

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

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