Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has received an average recommendation of “Buy” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $47.30.

A number of analysts have recently weighed in on the stock. Jefferies Group LLC restated a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Ollie’s Bargain Outlet Holdings in a report on Thursday, August 31st. Zacks Investment Research downgraded shares of Ollie’s Bargain Outlet Holdings from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Royal Bank Of Canada boosted their target price on shares of Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. KeyCorp restated a “buy” rating and issued a $50.00 target price on shares of Ollie’s Bargain Outlet Holdings in a report on Friday, September 29th. Finally, 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.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) traded down 2.04% on Friday, reaching $45.65. The company had a trading volume of 686,552 shares. The stock’s 50 day moving average price is $45.78 and its 200-day moving average price is $45.78. The stock has a market capitalization of $2.80 billion, a PE ratio of 39.35 and a beta of 0.21. Ollie’s Bargain Outlet Holdings has a 12-month low of $25.65 and a 12-month high of $46.90.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last announced its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The business 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 quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS. Equities analysts expect that Ollie’s Bargain Outlet Holdings will post $1.19 earnings per share for the current fiscal year.

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In other news, CEO Mark L. Butler sold 334,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $46.02, for a total value of $15,379,884.00. Following the completion of the sale, the chief executive officer now owns 4,770,421 shares of the company’s stock, valued at approximately $219,534,774.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kenneth Robert Bertram sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The stock was 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 approximately $259,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,156,604 shares of company stock valued at $52,810,309. 22.25% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Invictus RG purchased a new stake in shares of Ollie’s Bargain Outlet Holdings in the 1st quarter worth approximately $101,000. Advisor Group Inc. lifted its position in shares of Ollie’s Bargain Outlet Holdings by 23.2% in the 2nd quarter. Advisor Group Inc. now owns 2,853 shares of the company’s stock worth $122,000 after purchasing an additional 537 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Ollie’s Bargain Outlet Holdings in the 2nd quarter worth approximately $139,000. D.A. Davidson & CO. lifted its position in shares of Ollie’s Bargain Outlet Holdings by 14.9% in the 2nd quarter. D.A. Davidson & CO. now owns 3,442 shares of the company’s stock worth $146,000 after purchasing an additional 447 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Ollie’s Bargain Outlet Holdings by 165.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock worth $178,000 after purchasing an additional 2,604 shares during the period. 92.19% of the stock is 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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