Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price objective increased by stock analysts at Jefferies Group to $57.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The firm presently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 14.92% from the company’s current price.

OLLI has been the subject of several other research reports. Zacks Investment Research downgraded Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Citigroup initiated coverage on Ollie’s Bargain Outlet in a report on Friday, November 17th. They issued a “sell” rating and a $39.00 price objective for the company. BidaskClub downgraded Ollie’s Bargain Outlet from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $47.00 price objective (up previously from $46.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, August 31st. Finally, Morgan Stanley initiated coverage on Ollie’s Bargain Outlet in a report on Monday, September 25th. They issued an “equal weight” rating and a $46.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $47.46.

Shares of Ollie’s Bargain Outlet (OLLI) traded up $2.10 on Tuesday, hitting $49.60. 1,117,600 shares of the stock traded hands, compared to its average volume of 592,097. The company has a market cap of $3,110.00 and a PE ratio of 43.98. Ollie’s Bargain Outlet has a one year low of $27.75 and a one year high of $49.75. The company has a quick ratio of 0.29, a current ratio of 2.80 and a debt-to-equity ratio of 0.17.

In other Ollie’s Bargain Outlet news, CEO Mark L. Butler sold 221,541 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $46.02, for a total transaction of $10,195,316.82. Following the completion of the sale, the chief executive officer now owns 4,770,421 shares of the company’s stock, valued at approximately $219,534,774.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark L. Butler sold 110,059 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $46.02, for a total value of $5,064,915.18. Following the sale, the chief executive officer now directly owns 4,770,421 shares of the company’s stock, valued at approximately $219,534,774.42. The disclosure for this sale can be found here. Insiders have sold a total of 1,587,713 shares of company stock valued at $74,317,958 in the last ninety days. Insiders own 22.25% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Shelton Capital Management acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at $213,000. GSA Capital Partners LLP acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at $243,000. Sterling Capital Management LLC lifted its holdings in Ollie’s Bargain Outlet by 15.8% during the 3rd quarter. Sterling Capital Management LLC now owns 78,276 shares of the company’s stock valued at $3,632,000 after purchasing an additional 10,675 shares during the last quarter. First Heartland Consultants Inc. acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at $207,000. Finally, California Public Employees Retirement System acquired a new stake in Ollie’s Bargain Outlet during the 3rd quarter valued at $590,000. 90.05% of the stock is owned by institutional investors and hedge funds.

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About Ollie’s Bargain Outlet

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 (NASDAQ:OLLI)

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