Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

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. “

Several other equities analysts have also weighed in on the company. Piper Jaffray Cos. restated an “overweight” rating and issued a $28.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research note on Monday, August 29th. MKM Partners started coverage on Ollie’s Bargain Outlet Holdings in a research note on Friday, October 14th. They set a “buy” rating and a $33.00 price objective for the company. RBC Capital Markets reiterated an “outperform” rating and set a $32.00 price objective (up from $30.00) on shares of Ollie’s Bargain Outlet Holdings in a research note on Thursday, September 1st. Royal Bank Of Canada boosted their price objective on Ollie’s Bargain Outlet Holdings from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, September 1st. Finally, Jefferies Group boosted their price objective on Ollie’s Bargain Outlet Holdings from $30.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, September 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $28.22.

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

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) opened at 28.85 on Wednesday. Ollie’s Bargain Outlet Holdings has a 52 week low of $15.86 and a 52 week high of $29.75. The company’s 50 day moving average price is $26.82 and its 200-day moving average price is $25.79. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 37.47 and a beta of 0.08.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, August 31st. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Ollie’s Bargain Outlet Holdings had a return on equity of 8.91% and a net margin of 5.80%. The firm earned $211.30 million during the quarter, compared to analyst estimates of $207.61 million. During the same quarter in the previous year, the business earned $0.15 EPS. Ollie’s Bargain Outlet Holdings’s revenue for the quarter was up 16.2% compared to the same quarter last year. Analysts anticipate 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 the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $28.03, for a total value of $590,956.49. Following the transaction, the senior vice president now directly owns 15,333 shares in the company, valued at $429,783.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin Mclain sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $26.00, for a total value of $260,000.00. Following the completion of the transaction, the senior vice president now owns 10,000 shares in the company, valued at $260,000. The disclosure for this sale can be found here. 21.80% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Ollie’s Bargain Outlet Holdings by 134.0% in the second quarter. Vanguard Group Inc. now owns 2,757,755 shares of the company’s stock worth $68,640,000 after buying an additional 1,579,045 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Ollie’s Bargain Outlet Holdings during the third quarter worth approximately $36,681,000. Eagle Asset Management Inc. boosted its position in Ollie’s Bargain Outlet Holdings by 1,268.8% in the second quarter. Eagle Asset Management Inc. now owns 1,365,599 shares of the company’s stock worth $33,989,000 after buying an additional 1,265,834 shares in the last quarter. Marshall Wace LLP boosted its position in Ollie’s Bargain Outlet Holdings by 1,594.5% in the second quarter. Marshall Wace LLP now owns 1,147,079 shares of the company’s stock worth $28,551,000 after buying an additional 1,079,384 shares in the last quarter. Finally, Hitchwood Capital Management LP acquired a new position in Ollie’s Bargain Outlet Holdings during the second quarter worth approximately $22,401,000. Hedge funds and other institutional investors own 88.39% 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

Receive News & Stock Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related stocks with our FREE daily email newsletter.