Ollie's Bargain Outlet (NASDAQ:OLLI)‘s stock had its “buy” rating reaffirmed by equities research analysts at KeyCorp in a report released on Thursday. They presently have a $55.00 target price on the stock, up from their prior target price of $50.00. KeyCorp’s target price suggests a potential upside of 12.82% from the company’s current price.

OLLI has been the subject of a number of other research reports. Zacks Investment Research raised shares of Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Thursday. BidaskClub raised shares of Ollie's Bargain Outlet from a “hold” rating to a “buy” rating in a research report on Thursday. Piper Jaffray Companies reissued an “overweight” rating and set a $61.00 price objective on shares of Ollie's Bargain Outlet in a research report on Thursday. Bank of America reissued a “buy” rating and set a $52.00 price objective on shares of Ollie's Bargain Outlet in a research report on Tuesday, September 5th. Finally, Royal Bank Of Canada boosted their price objective on shares of Ollie's Bargain Outlet from $47.00 to $49.00 and gave the company an “outperform” rating in a research report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.38.

Ollie's Bargain Outlet (NASDAQ OLLI) traded down $2.25 during trading hours on Thursday, reaching $48.75. 1,380,219 shares of the company’s stock were exchanged, compared to its average volume of 597,737. 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 has a fifty-two week low of $27.75 and a fifty-two week high of $51.53. The company has a market cap of $3,000.00 and a P/E ratio of 46.94.

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

In related news, CEO Mark L. Butler sold 9,862 shares of the company’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $46.00, for a total value of $453,652.00. Following the completion of the transaction, the chief executive officer now owns 4,514,418 shares of the company’s stock, valued at approximately $207,663,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark L. Butler sold 110,059 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $46.02, for a total transaction of $5,064,915.18. Following the completion of the transaction, 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 sold a total of 1,610,463 shares of company stock valued at $75,439,445 in the last ninety days. 22.25% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Ollie's Bargain Outlet by 17.3% in the 2nd quarter. BlackRock Inc. now owns 5,659,483 shares of the company’s stock worth $241,093,000 after buying an additional 832,667 shares during the period. Vanguard Group Inc. lifted its stake in Ollie's Bargain Outlet by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,339,008 shares of the company’s stock worth $184,842,000 after purchasing an additional 195,242 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in Ollie's Bargain Outlet by 1.2% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock worth $133,625,000 after purchasing an additional 37,517 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Ollie's Bargain Outlet by 22.8% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock worth $122,533,000 after purchasing an additional 490,295 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in Ollie's Bargain Outlet by 3.1% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,939,350 shares of the company’s stock worth $82,616,000 after purchasing an additional 58,482 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

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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.

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

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