Shares of Ollie’s Bargain Outlet Holdings Inc. (NASDAQ:OLLI) have been assigned a consensus rating of “Buy” from the ten research firms that are presently covering the firm. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $29.00.

OLLI has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $28.00 price target on shares of Ollie’s Bargain Outlet Holdings in a report on Monday, August 29th. 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 report on Thursday, September 1st. 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 report on Thursday, September 1st. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $32.00 price target (up from $30.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, September 1st.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) opened at 29.60 on Thursday. Ollie’s Bargain Outlet Holdings has a 12-month low of $15.86 and a 12-month high of $29.80. The stock’s 50 day moving average is $26.92 and its 200-day moving average is $25.81. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 38.44 and a beta of 0.08.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last released its earnings results on Wednesday, August 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Ollie’s Bargain Outlet Holdings had a net margin of 5.80% and a return on equity of 8.91%. The company had revenue of $211.30 million for the quarter, compared to analysts’ expectations of $207.61 million. During the same quarter in the previous year, the company earned $0.15 EPS. Ollie’s Bargain Outlet Holdings’s revenue for the quarter was up 16.2% on a year-over-year basis. On average, analysts expect that Ollie’s Bargain Outlet Holdings will post $0.90 earnings per share for the current year.

In other news, major shareholder Ccmp Capital, Lp sold 27,451,596 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $26.07, for a total value of $715,663,107.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kevin Mclain sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $26.00, for a total transaction of $260,000.00. Following 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 currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Laurion Capital Management LP increased its position in shares of Ollie’s Bargain Outlet Holdings by 254.1% in the third quarter. Laurion Capital Management LP now owns 297,795 shares of the company’s stock valued at $7,805,000 after buying an additional 213,695 shares during the last quarter. Morgan Stanley increased its position in shares of Ollie’s Bargain Outlet Holdings by 2.1% in the third quarter. Morgan Stanley now owns 1,552,690 shares of the company’s stock valued at $40,696,000 after buying an additional 32,313 shares during the last quarter. Timpani Capital Management LLC purchased a new position in shares of Ollie’s Bargain Outlet Holdings during the third quarter valued at approximately $3,091,000. Stephens Investment Management Group LLC increased its position in shares of Ollie’s Bargain Outlet Holdings by 76.5% in the third quarter. Stephens Investment Management Group LLC now owns 868,495 shares of the company’s stock valued at $22,763,000 after buying an additional 376,560 shares during the last quarter. Finally, King Luther Capital Management Corp purchased a new position in shares of Ollie’s Bargain Outlet Holdings during the third quarter valued at approximately $6,543,000. 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

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