KeyCorp reaffirmed their buy rating on shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a research note issued to investors on Friday morning. KeyCorp currently has a $50.00 target price on the stock.

Other research analysts have also recently issued reports about the stock. TheStreet upgraded shares of Ollie’s Bargain Outlet Holdings from a c rating to a b- rating in a report on Monday, July 17th. BidaskClub cut shares of Ollie’s Bargain Outlet Holdings from a strong-buy rating to a buy rating in a report on Thursday, August 10th. Piper Jaffray Companies set a $48.00 price target on shares of Ollie’s Bargain Outlet Holdings and gave the stock a buy rating in a report on Thursday, June 1st. 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 on the stock in a report on Wednesday, August 30th. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a research note on Wednesday, August 23rd. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $47.30.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded up 1.31% during midday trading on Friday, hitting $46.40. 679,028 shares of the stock traded hands. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 40.00 and a beta of 0.17. Ollie’s Bargain Outlet Holdings has a 52-week low of $25.63 and a 52-week high of $46.70. The firm’s 50-day moving average is $45.70 and its 200-day moving average is $45.70.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The firm had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $242.85 million. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Analysts predict that Ollie’s Bargain Outlet Holdings will post $1.19 EPS for the current year.

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In other Ollie’s Bargain Outlet Holdings news, VP Kenneth Robert Bertram sold 6,000 shares of the stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $43.25, for a total transaction of $259,500.00. Following the completion of the sale, the vice president now directly owns 6,000 shares of the company’s stock, valued at $259,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark L. Butler sold 334,200 shares of the stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $46.02, for a total transaction of $15,379,884.00. Following the sale, the chief executive officer now directly owns 4,770,421 shares of the company’s stock, valued at $219,534,774.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,156,604 shares of company stock valued at $52,810,309. 22.25% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its position in shares of Ollie’s Bargain Outlet Holdings by 23.2% during 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. Invictus RG purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the first quarter valued at about $101,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Ollie’s Bargain Outlet Holdings during the second quarter valued at about $139,000. D.A. Davidson & CO. lifted its position in shares of Ollie’s Bargain Outlet Holdings by 14.9% during the second quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock valued at $146,000 after buying an additional 447 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Ollie’s Bargain Outlet Holdings by 165.2% during the second quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after buying an additional 2,604 shares during the last quarter. 92.19% of the stock is owned by institutional investors and hedge funds.

Ollie’s Bargain Outlet Holdings Company Profile

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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