Ollie's Bargain Outlet (OLLI) Stock Rating Lowered by BidaskClub

Ollie's Bargain Outlet (NASDAQ:OLLI) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. boosted their price target on Ollie's Bargain Outlet from $47.00 to $61.00 in a research note on Thursday, December 7th. Zacks Investment Research raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Thursday, December 7th. Jefferies Group boosted their price target on Ollie's Bargain Outlet to $57.00 and gave the company a “buy” rating in a research note on Tuesday, December 5th. KeyCorp reissued a “buy” rating and issued a $50.00 price target on shares of Ollie's Bargain Outlet in a research note on Friday, September 29th. Finally, Morgan Stanley started coverage on Ollie's Bargain Outlet in a research note on Monday, September 25th. They issued an “equal weight” rating and a $46.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $50.54.

Shares of Ollie's Bargain Outlet (NASDAQ OLLI) traded up $1.40 on Friday, reaching $53.50. The company’s stock had a trading volume of 889,300 shares, compared to its average volume of 888,075. Ollie's Bargain Outlet has a 12-month low of $27.75 and a 12-month high of $54.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.36 and a current ratio of 2.53. The firm has a market capitalization of $3,220.00 and a price-to-earnings ratio of 41.80.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, December 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Ollie's Bargain Outlet had a return on equity of 10.55% and a net margin of 8.17%. The firm had revenue of $238.10 million for the quarter, compared to analyst estimates of $233.77 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The company’s revenue was up 17.9% compared to the same quarter last year. equities research analysts expect that Ollie's Bargain Outlet will post 1.21 EPS for the current fiscal year.

In other news, CEO Mark L. Butler sold 331,292 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $48.03, for a total transaction of $15,911,954.76. Following the completion of the sale, the chief executive officer now owns 4,065,075 shares in the company, valued at $195,245,552.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark L. Butler sold 227,843 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $47.02, for a total value of $10,713,177.86. Following the sale, the chief executive officer now owns 4,356 shares of the company’s stock, valued at approximately $204,819.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 983,840 shares of company stock valued at $46,973,471. Corporate insiders own 22.25% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in Ollie's Bargain Outlet by 17.3% during the second 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 in the last quarter. Vanguard Group Inc. grew its holdings in Ollie's Bargain Outlet by 4.7% during the second quarter. Vanguard Group Inc. now owns 4,339,008 shares of the company’s stock worth $184,842,000 after buying an additional 195,242 shares in the last quarter. Wasatch Advisors Inc. grew its holdings in Ollie's Bargain Outlet by 1.2% during the second quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock worth $133,625,000 after buying an additional 37,517 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in 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 worth $122,533,000 after buying an additional 490,295 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Ollie's Bargain Outlet by 3.4% during the third quarter. Bank of New York Mellon Corp now owns 1,233,793 shares of the company’s stock worth $57,249,000 after buying an additional 40,566 shares in the last quarter. Hedge funds and other institutional investors own 89.66% of the company’s stock.

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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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