Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Raised to $135.00

Ollie’s Bargain Outlet (NASDAQ:OLLI) had its price target increased by KeyCorp from $125.00 to $135.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts have also issued research reports about the stock. Piper Sandler reduced their target price on shares of Ollie’s Bargain Outlet from $126.00 to $124.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. UBS Group lifted their target price on shares of Ollie’s Bargain Outlet from $117.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Morgan Stanley lifted their target price on shares of Ollie’s Bargain Outlet from $108.00 to $118.00 and gave the company an “equal weight” rating in a report on Thursday, March 20th. StockNews.com upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Finally, Jefferies Financial Group lowered shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating and reduced their target price for the company from $125.00 to $111.00 in a report on Tuesday, February 4th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $124.07.

Ollie’s Bargain Outlet Stock Down 3.2%

Shares of NASDAQ OLLI opened at $116.88 on Tuesday. Ollie’s Bargain Outlet has a 52-week low of $72.22 and a 52-week high of $122.15. The firm has a fifty day moving average of $110.30 and a 200-day moving average of $106.54. The stock has a market capitalization of $7.18 billion, a PE ratio of 34.89, a P/E/G ratio of 2.21 and a beta of 0.45.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 19th. The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01). Ollie’s Bargain Outlet had a net margin of 9.22% and a return on equity of 13.15%. The company had revenue of $667.10 million for the quarter, compared to analysts’ expectations of $674.61 million. During the same period in the prior year, the firm earned $1.23 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts expect that Ollie’s Bargain Outlet will post 3.29 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Der Valk Eric Van sold 1,153 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $110.85, for a total value of $127,810.05. Following the sale, the chief executive officer now owns 6,768 shares in the company, valued at approximately $750,232.80. This represents a 14.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert F. Helm sold 2,139 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $115.74, for a total transaction of $247,567.86. Following the completion of the sale, the chief financial officer now owns 2,961 shares in the company, valued at approximately $342,706.14. This trade represents a 41.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,897 shares of company stock worth $4,227,970 in the last quarter. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ollie’s Bargain Outlet

A number of institutional investors have recently modified their holdings of OLLI. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Ollie’s Bargain Outlet by 489.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 230 shares of the company’s stock valued at $25,000 after purchasing an additional 191 shares in the last quarter. Wilmington Savings Fund Society FSB raised its stake in shares of Ollie’s Bargain Outlet by 337.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 236 shares of the company’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Bogart Wealth LLC acquired a new stake in shares of Ollie’s Bargain Outlet in the 4th quarter valued at about $26,000. HM Payson & Co. acquired a new stake in shares of Ollie’s Bargain Outlet in the 1st quarter valued at about $30,000. Finally, Blue Trust Inc. grew its position in shares of Ollie’s Bargain Outlet by 55.2% during the 4th quarter. Blue Trust Inc. now owns 284 shares of the company’s stock valued at $31,000 after buying an additional 101 shares during the last quarter.

Ollie’s Bargain Outlet Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a holding company, which engages in the retail of closeouts, excess inventory, and salvage merchandise. It offers overstocks, package changes, manufacturer refurbished goods, and irregulars. The company’s products include housewares, food, books and stationery, bed and bath, floor coverings, electronics and toys.