Ollie's Bargain Outlet (OLLI) Earns Overweight Rating from Stephens

Stephens reissued their overweight rating on shares of Ollie's Bargain Outlet (NASDAQ:OLLI) in a research report released on Monday morning, Marketbeat Ratings reports. Stephens currently has a $56.00 price objective on the stock, up from their prior price objective of $54.00.

A number of other brokerages have also recently commented on OLLI. Wells Fargo & Co started coverage on shares of Ollie's Bargain Outlet in a research report on Friday, November 3rd. They issued a market perform rating and a $45.00 target price for the company. Morgan Stanley started coverage on shares of Ollie's Bargain Outlet in a research report on Monday, September 25th. They issued an equal weight rating and a $46.00 target price for the company. BidaskClub upgraded shares of Ollie's Bargain Outlet from a buy rating to a strong-buy rating in a research report on Friday, December 22nd. Piper Jaffray Companies reiterated an overweight rating and issued a $61.00 target price on shares of Ollie's Bargain Outlet in a research report on Thursday, December 7th. Finally, Zacks Investment Research upgraded shares of Ollie's Bargain Outlet from a hold rating to a buy rating and set a $51.00 target price for the company in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Ollie's Bargain Outlet has a consensus rating of Buy and a consensus target price of $51.54.

Ollie's Bargain Outlet (OLLI) traded up $2.15 on Monday, reaching $54.00. 672,400 shares of the company’s stock traded hands, compared to its average volume of 845,588. The company has a current ratio of 2.53, a quick ratio of 0.36 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $3,430.00 and a P/E ratio of 42.19. Ollie's Bargain Outlet has a fifty-two week low of $28.90 and a fifty-two week high of $54.30.

Ollie's Bargain Outlet (NASDAQ:OLLI) last issued its earnings results on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The business had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $233.77 million. Ollie's Bargain Outlet had a net margin of 7.92% and a return on equity of 10.66%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 earnings per share. sell-side analysts expect that Ollie's Bargain Outlet will post 1.32 earnings per share for the current fiscal year.

In other Ollie's Bargain Outlet news, CEO Mark L. Butler sold 331,292 shares of Ollie's Bargain Outlet stock in a transaction dated Monday, December 4th. The shares were 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 directly owns 4,065,075 shares in the company, valued at $195,245,552.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark L. Butler sold 152,102 shares of Ollie's Bargain Outlet stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $47.02, for a total transaction of $7,151,836.04. Following the sale, the chief executive officer now owns 4,356 shares of the company’s stock, valued at $204,819.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 983,840 shares of company stock valued at $46,973,471. 22.25% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in OLLI. Capital World Investors acquired a new stake in shares of Ollie's Bargain Outlet during the second quarter valued at about $38,979,000. BlackRock Inc. increased its position 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 acquiring an additional 832,667 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position 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 acquiring an additional 490,295 shares during the last quarter. State Street Corp increased its position 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 acquiring an additional 430,682 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Ollie's Bargain Outlet by 70.9% during 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 last quarter. Institutional investors and hedge funds 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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