Ollie’s Bargain Outlet Holdings, Inc. (OLLI) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) from a hold rating to a buy rating in a report published on Friday. Zacks Investment Research currently has $49.00 price target on the stock.

According to Zacks, “Ollie’s Bargain Outlet Holdings, Inc. is a retailer of closeouts, excess inventory and salvage merchandise. The Company’s product includes housewares, food, books and stationery, bed and bath, floor coverings, toys and hardware. Its brand portfolio consist of Ollie’s, Ollie’s Bargain Outlet, Ollie’s Army, Real Brands! Real Bargains! and Good Stuff Cheap. The company operates primarily in Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia. Ollie’s Bargain Outlet Holdings, Inc. is based in Harrisburg, United States. “

Other analysts have also recently issued reports about the company. TheStreet raised Ollie’s Bargain Outlet Holdings from a c rating to a b- rating in a research report on Monday, July 17th. Jefferies Group LLC reaffirmed a buy rating and set a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research report on Wednesday, August 23rd. BidaskClub cut Ollie’s Bargain Outlet Holdings from a strong-buy rating to a buy rating in a research report on Thursday, August 10th. Piper Jaffray Companies set a $48.00 price objective on Ollie’s Bargain Outlet Holdings and gave the stock a buy rating in a research report on Thursday, June 1st. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $37.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, May 25th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $46.88.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) opened at 45.05 on Friday. Ollie’s Bargain Outlet Holdings has a 12 month low of $24.12 and a 12 month high of $46.08. The company’s 50-day moving average price is $44.03 and its 200 day moving average price is $39.26. The stock has a market capitalization of $2.76 billion, a PE ratio of 38.84 and a beta of 0.17.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its quarterly earnings data on Tuesday, August 29th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a return on equity of 10.44% and a net margin of 7.60%. The company had revenue of $254.60 million during the quarter, compared to analysts’ expectations of $242.85 million. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, analysts forecast that Ollie’s Bargain Outlet Holdings will post $1.19 earnings per share for the current fiscal year.

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In other news, VP Kenneth Robert Bertram sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $43.25, for a total value of $259,500.00. Following the completion of the sale, the vice president now directly owns 6,000 shares of the company’s stock, valued at approximately $259,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Omar Segura sold 43,323 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $45.15, for a total value of $1,956,033.45. Following the completion of the sale, the senior vice president now directly owns 26,000 shares of the company’s stock, valued at $1,173,900. The disclosure for this sale can be found here. Insiders sold a total of 469,981 shares of company stock valued at $21,212,335 over the last three months. Insiders own 22.25% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wasatch Advisors Inc. lifted its holdings in shares of Ollie’s Bargain Outlet Holdings by 1.2% in the 2nd quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock valued at $133,625,000 after buying an additional 37,517 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Ollie’s Bargain Outlet Holdings by 6.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 96,263 shares of the company’s stock valued at $4,101,000 after buying an additional 5,487 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings in the 2nd quarter valued at approximately $445,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Ollie’s Bargain Outlet Holdings by 165.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after buying an additional 2,604 shares during the period. Finally, Castleark Management LLC acquired a new stake in shares of Ollie’s Bargain Outlet Holdings in the 2nd quarter valued at approximately $6,776,000. 92.47% of the stock is owned by institutional investors and hedge funds.

Ollie’s Bargain Outlet Holdings 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.

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

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