Ollie's Bargain Outlet (NASDAQ:OLLI) had its price objective increased by equities researchers at J P Morgan Chase & Co from $47.00 to $61.00 in a research report issued to clients and investors on Thursday. J P Morgan Chase & Co’s price target would suggest a potential upside of 19.61% from the company’s previous close.

A number of other research firms have also recently issued reports on OLLI. BidaskClub upgraded Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a research note on Thursday. KeyCorp reiterated a “buy” rating and issued a $55.00 target price (up from $50.00) on shares of Ollie's Bargain Outlet in a research note on Thursday. Zacks Investment Research upgraded Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Thursday. Jefferies Group raised their target price on Ollie's Bargain Outlet to $57.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $61.00 target price on shares of Ollie's Bargain Outlet in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. Ollie's Bargain Outlet currently has a consensus rating of “Buy” and a consensus target price of $50.38.

Shares of Ollie's Bargain Outlet (OLLI) traded up $0.30 on Thursday, reaching $51.00. The company had a trading volume of 962,000 shares, compared to its average volume of 594,407. Ollie's Bargain Outlet has a 52-week low of $27.75 and a 52-week high of $51.53. The company has a market capitalization of $3,000.00 and a PE ratio of 46.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.80 and a quick ratio of 0.29.

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, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a return on equity of 10.44% and a net margin of 7.60%. The firm had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $233.77 million. During the same period last year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. sell-side analysts predict that Ollie's Bargain Outlet will post 1.2 EPS for the current year.

In related news, CEO Mark L. Butler sold 334,200 shares of Ollie's Bargain Outlet stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $46.02, for a total transaction of $15,379,884.00. Following the sale, the chief executive officer now directly owns 4,770,421 shares in the company, valued at $219,534,774.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mark L. Butler sold 5,023 shares of Ollie's Bargain Outlet stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $46.00, for a total transaction of $231,058.00. Following the sale, the chief executive officer now owns 4,509,395 shares in the company, valued at $207,432,170. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,610,463 shares of company stock worth $75,439,445. Company insiders own 22.25% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. grew its holdings in Ollie's Bargain Outlet by 0.3% during the second quarter. Alps Advisors Inc. now owns 15,179 shares of the company’s stock worth $647,000 after acquiring an additional 40 shares during the period. Arizona State Retirement System grew its holdings in Ollie's Bargain Outlet by 1.2% during the second quarter. Arizona State Retirement System now owns 25,200 shares of the company’s stock worth $1,074,000 after acquiring an additional 300 shares during the period. M&T Bank Corp grew its holdings in Ollie's Bargain Outlet by 6.1% during the second quarter. M&T Bank Corp now owns 7,829 shares of the company’s stock worth $333,000 after acquiring an additional 447 shares during the period. D.A. Davidson & CO. grew its holdings in Ollie's Bargain Outlet by 14.9% during the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after acquiring an additional 447 shares during the period. Finally, Advisor Group Inc. grew its holdings in Ollie's Bargain Outlet by 23.2% during the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after acquiring an additional 537 shares during the period. Institutional investors and hedge funds 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.

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

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