Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) received a $41.00 target price from investment analysts at Buckingham Research in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the stock. Buckingham Research’s price target would suggest a potential downside of 2.03% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. Royal Bank Of Canada increased their price target on shares of Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the company an “outperform” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price target on shares of Ollie’s Bargain Outlet Holdings in a report on Wednesday, August 23rd. BidaskClub downgraded shares of Ollie’s Bargain Outlet Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, TheStreet upgraded shares of Ollie’s Bargain Outlet Holdings from a “c” rating to a “b-” rating in a report on Monday, July 17th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $46.14.

Shares of Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) opened at 41.85 on Wednesday. The stock’s 50 day moving average is $43.98 and its 200-day moving average is $38.85. The stock has a market cap of $2.56 billion, a PE ratio of 36.08 and a beta of 0.15. Ollie’s Bargain Outlet Holdings has a 1-year low of $24.12 and a 1-year high of $46.08.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The business had revenue of $254.60 million during the quarter, compared to the consensus estimate of $242.85 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.25% and a return on equity of 10.11%. The business’s revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. On average, analysts predict that Ollie’s Bargain Outlet Holdings will post $1.17 EPS for the current fiscal year.

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In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 58,124 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $45.04, for a total transaction of $2,617,904.96. Following the completion of the transaction, the chief executive officer now directly owns 4,886,728 shares in the company, valued at approximately $220,098,229.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 $227,677,342.56. The disclosure for this sale can be found here. Insiders have sold a total of 500,481 shares of company stock valued at $22,522,840 over the last 90 days. 22.25% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of OLLI. BlackRock Inc. increased its stake in shares of Ollie’s Bargain Outlet Holdings by 213,381.5% in the first quarter. BlackRock Inc. now owns 4,826,816 shares of the company’s stock worth $161,699,000 after buying an additional 4,824,555 shares during the period. FMR LLC increased its stake in shares of Ollie’s Bargain Outlet Holdings by 22.3% in the first quarter. FMR LLC now owns 6,550,250 shares of the company’s stock worth $219,433,000 after buying an additional 1,195,337 shares during the period. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter worth approximately $38,228,000. Marshall Wace North America L.P. purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter worth approximately $38,228,000. Finally, Capital World Investors purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the second quarter worth approximately $38,979,000. Institutional investors and hedge funds own 92.90% of the company’s stock.

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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