Ollie's Bargain Outlet (NASDAQ:OLLI)‘s stock had its “overweight” rating restated by Piper Jaffray Companies in a report released on Thursday, The Fly reports. They presently have a $61.00 price target on the stock. Piper Jaffray Companies’ price target would indicate a potential upside of 25.13% from the stock’s current price.

A number of other research analysts also recently issued reports on OLLI. BidaskClub downgraded Ollie's Bargain Outlet from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Jefferies Group reiterated a “buy” rating and set a $48.00 price objective on shares of Ollie's Bargain Outlet in a research note on Wednesday, August 23rd. Royal Bank Of Canada boosted their price objective on Ollie's Bargain Outlet from $47.00 to $49.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th. Finally, Buckingham Research set a $41.00 price objective on Ollie's Bargain Outlet and gave the company a “hold” rating in a research note on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.38.

Shares of Ollie's Bargain Outlet (NASDAQ:OLLI) traded down $2.25 during trading hours on Thursday, hitting $48.75. The company had a trading volume of 1,389,319 shares, compared to its average volume of 597,736. The company has a market cap of $3,000.00 and a P/E ratio of 46.94. The company has a current ratio of 2.80, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17. Ollie's Bargain Outlet has a 52 week low of $27.75 and a 52 week high of $51.53.

Ollie's Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $238.10 million during the quarter, compared to the consensus estimate of $233.77 million. Ollie's Bargain Outlet had a return on equity of 10.44% and a net margin of 7.60%. The firm’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. research analysts predict that Ollie's Bargain Outlet will post 1.2 EPS for the current year.

In other Ollie's Bargain Outlet news, CEO Mark L. Butler sold 110,059 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $46.02, for a total value of $5,064,915.18. Following the completion of the transaction, the chief executive officer now directly owns 4,770,421 shares in the company, valued at approximately $219,534,774.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jay Stasz sold 11,250 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $50.11, for a total value of $563,737.50. Following the transaction, the senior vice president now owns 10,000 shares of the company’s stock, valued at $501,100. The disclosure for this sale can be found here. Insiders sold a total of 1,610,463 shares of company stock valued at $75,439,445 over the last 90 days. 22.25% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of OLLI. Teachers Advisors LLC boosted its position in shares of Ollie's Bargain Outlet by 7.8% during the 1st quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock valued at $1,192,000 after acquiring an additional 2,578 shares during the last quarter. Aperio Group LLC boosted its position in shares of Ollie's Bargain Outlet by 275.1% during the 2nd quarter. Aperio Group LLC now owns 24,790 shares of the company’s stock valued at $1,056,000 after acquiring an additional 18,181 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Ollie's Bargain Outlet by 5.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,410 shares of the company’s stock valued at $486,000 after acquiring an additional 540 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Ollie's Bargain Outlet by 4.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 71,323 shares of the company’s stock valued at $3,035,000 after acquiring an additional 2,918 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of Ollie's Bargain Outlet by 1.6% during the 2nd quarter. Texas Permanent School Fund now owns 35,236 shares of the company’s stock valued at $1,501,000 after acquiring an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

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Ollie's Bargain Outlet 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 (NASDAQ:OLLI)

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