BidaskClub downgraded shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) from a strong-buy rating to a buy rating in a report issued on Thursday morning.

Several other analysts also recently weighed in on the stock. TheStreet upgraded shares of Ollie’s Bargain Outlet Holdings from a c rating to a b- rating in a research report on Monday, July 17th. Credit Suisse Group reiterated a hold rating on shares of Ollie’s Bargain Outlet Holdings in a research report on Sunday, June 4th. Piper Jaffray Companies set a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings and gave the company a buy rating in a research report on Thursday, June 1st. MKM Partners downgraded shares of Ollie’s Bargain Outlet Holdings from a buy rating to a neutral rating and set a $39.00 price objective on the stock. in a research report on Tuesday, May 30th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $37.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research report on Thursday, May 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $39.60.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ OLLI) traded up 2.99% on Thursday, hitting $44.75. 423,887 shares of the stock were exchanged. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 42.22 and a beta of 0.15. The firm’s 50 day moving average price is $43.23 and its 200 day moving average price is $37.59. Ollie’s Bargain Outlet Holdings has a one year low of $24.12 and a one year high of $46.08.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, May 31st. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $227.60 million for the quarter, compared to the consensus estimate of $220.56 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.25% and a return on equity of 10.11%. Ollie’s Bargain Outlet Holdings’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. Equities analysts anticipate that Ollie’s Bargain Outlet Holdings will post $1.17 earnings per share for the current year.

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In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 285,623 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $45.19, for a total transaction of $12,907,303.37. Following the transaction, the chief executive officer now owns 5,038,224 shares of the company’s stock, valued at approximately $227,677,342.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Kenneth Robert Bertram sold 10,500 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $42.81, for a total transaction of $449,505.00. Following the transaction, the vice president now directly owns 10,500 shares in the company, valued at approximately $449,505. The disclosure for this sale can be found here. In the last three months, insiders have sold 436,109 shares of company stock worth $19,623,776. 22.25% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC boosted its position in Ollie’s Bargain Outlet Holdings by 29.0% in the first quarter. Flinton Capital Management LLC now owns 3,026 shares of the company’s stock valued at $101,000 after buying an additional 680 shares during the last quarter. Invictus RG bought a new position in Ollie’s Bargain Outlet Holdings during the first quarter valued at approximately $101,000. Advisor Group Inc. boosted its position in Ollie’s Bargain Outlet Holdings by 23.2% in the second quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock valued at $122,000 after buying an additional 537 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Ollie’s Bargain Outlet Holdings during the second quarter valued at approximately $139,000. Finally, LS Investment Advisors LLC boosted its position in Ollie’s Bargain Outlet Holdings by 125.2% in the first quarter. LS Investment Advisors LLC now owns 4,329 shares of the company’s stock valued at $145,000 after buying an additional 2,407 shares during the last quarter. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

About Ollie’s Bargain Outlet Holdings

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 Holdings (NASDAQ:OLLI)

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