Analysts at MKM Partners initiated coverage on shares of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) in a report issued on Friday. The brokerage set a “buy” rating and a $33.00 price target on the stock. MKM Partners’ target price suggests a potential upside of 24.81% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Saturday, September 3rd. Jefferies Group lifted their price target on shares of Ollie’s Bargain Outlet Holdings from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, September 1st. Royal Bank Of Canada lifted their price target on shares of Ollie’s Bargain Outlet Holdings from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, September 1st. RBC Capital Markets reaffirmed an “outperform” rating and set a $32.00 price target (up from $30.00) on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, September 1st. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $28.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research report on Monday, August 29th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $28.22.

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

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded up 2.27% during midday trading on Friday, hitting $27.04. 110,590 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $26.21 and its 200-day moving average is $25.50. The stock has a market cap of $1.63 billion, a PE ratio of 35.12 and a beta of 0.10. Ollie’s Bargain Outlet Holdings has a 1-year low of $14.88 and a 1-year high of $28.72.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Wednesday, August 31st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The business earned $211.30 million during the quarter, compared to the consensus estimate of $207.61 million. Ollie’s Bargain Outlet Holdings had a net margin of 5.80% and a return on equity of 8.91%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. Analysts predict that Ollie’s Bargain Outlet Holdings will post $0.90 earnings per share for the current fiscal year.

In related news, SVP Omar Segura sold 21,083 shares of Ollie’s Bargain Outlet Holdings stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $28.03, for a total value of $590,956.49. Following the completion of the sale, the senior vice president now owns 15,333 shares in the company, valued at $429,783.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Ccmp Capital, Lp sold 27,451,596 shares of Ollie’s Bargain Outlet Holdings stock in a transaction on Monday, September 12th. The stock was sold at an average price of $26.07, for a total transaction of $715,663,107.72. The disclosure for this sale can be found here. Insiders own 21.80% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in shares of Ollie’s Bargain Outlet Holdings by 13.4% in the second quarter. Bank of New York Mellon Corp now owns 396,495 shares of the company’s stock worth $9,869,000 after buying an additional 46,899 shares during the period. LMR Partners LLP bought a new stake in shares of Ollie’s Bargain Outlet Holdings during the second quarter worth about $2,528,000. American Century Companies Inc. bought a new stake in shares of Ollie’s Bargain Outlet Holdings during the second quarter worth about $3,143,000. RS Investment Management Co. LLC raised its stake in shares of Ollie’s Bargain Outlet Holdings by 9.1% in the second quarter. RS Investment Management Co. LLC now owns 1,442,108 shares of the company’s stock worth $35,894,000 after buying an additional 120,658 shares during the period. Finally, Summit Creek Advisors LLC raised its stake in shares of Ollie’s Bargain Outlet Holdings by 51.0% in the second quarter. Summit Creek Advisors LLC now owns 408,921 shares of the company’s stock worth $10,178,000 after buying an additional 138,174 shares during the period. Institutional investors and hedge funds own 87.70% of the company’s stock.

Ollie’s Bargain Outlet Holdings Company Profile

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers deals on closeouts, excess inventory and salvage merchandise. The Company’s product offerings include food, such as packaged food, including coffee, bottled non-carbonated beverages, salty snacks, condiments, sauces, spices, dry pasta, canned goods, cereal and cookies; housewares, such as cooking utensils, dishes, appliances, storage and garbage bags, detergents and cleaning supplies, cookware and glassware, frames and giftware; books and stationery, such as novels, business, cooking, inspirational and coffee table books along with digital versatile discs (DVDs), greeting cards and various office supplies and party goods, and bed and bath, such as household goods, including bedding, towels, curtains and associated hardware.

5 Day Chart for NASDAQ:OLLI

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