Ollie's Bargain Outlet (NASDAQ:OLLI) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

OLLI has been the subject of a number of other research reports. Jefferies Group restated a “buy” rating and issued a $50.00 target price (up previously from $48.00) on shares of Ollie's Bargain Outlet in a research report on Thursday, August 31st. Stephens assumed coverage on Ollie's Bargain Outlet in a research report on Tuesday, October 31st. They issued an “overweight” rating and a $53.00 target price for the company. Zacks Investment Research downgraded Ollie's Bargain Outlet from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Royal Bank Of Canada boosted their target price on Ollie's Bargain Outlet from $47.00 to $49.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. Finally, Citigroup assumed coverage on Ollie's Bargain Outlet in a research report on Friday, November 17th. They issued a “sell” rating and a $39.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $50.38.

Ollie's Bargain Outlet (NASDAQ:OLLI) traded down $2.25 during trading hours on Thursday, reaching $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. Ollie's Bargain Outlet has a one year low of $27.75 and a one year high of $51.53. The company has a quick ratio of 0.29, a current ratio of 2.80 and a debt-to-equity ratio of 0.17.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share for the quarter, topping 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%. Ollie's Bargain Outlet’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS. research analysts anticipate that Ollie's Bargain Outlet will post 1.2 EPS for the current fiscal year.

In other news, CEO Mark L. Butler sold 110,059 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 4,770,421 shares of the company’s stock, valued at $219,534,774.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Howard Freedman sold 11,500 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $48.50, for a total value of $557,750.00. Following the completion of the sale, the vice president now directly owns 40,870 shares in the company, valued at $1,982,195. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,610,463 shares of company stock worth $75,439,445. 22.25% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLLI. Capital World Investors bought a new position in shares of Ollie's Bargain Outlet during the second quarter valued at $38,979,000. BlackRock Inc. lifted its holdings in shares of Ollie's Bargain Outlet by 17.3% during the second quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock valued at $241,093,000 after purchasing an additional 832,667 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Ollie's Bargain Outlet by 22.8% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock valued at $122,533,000 after purchasing an additional 490,295 shares in the last quarter. State Street Corp lifted its holdings in shares of Ollie's Bargain Outlet by 53.7% during the second quarter. State Street Corp now owns 1,232,162 shares of the company’s stock valued at $52,491,000 after purchasing an additional 430,682 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Ollie's Bargain Outlet 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 acquiring an additional 252,781 shares during the period. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

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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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