Equities research analysts at Citigroup Inc. assumed coverage on shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) in a report issued on Friday. The firm set a “sell” rating and a $39.00 price target on the stock. Citigroup Inc.’s price objective points to a potential downside of 13.14% from the stock’s previous close.

Several other brokerages have also issued reports on OLLI. Jefferies Group LLC reissued 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. Wells Fargo & Company initiated coverage on shares of Ollie’s Bargain Outlet Holdings in a report on Friday, November 3rd. They issued a “market perform” rating and a $45.00 price target on the stock. Morgan Stanley initiated coverage on shares of Ollie’s Bargain Outlet Holdings in a report on Monday, September 25th. They issued an “equal weight” rating and a $46.00 price target on the stock. Zacks Investment Research raised 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, Buckingham Research set a $41.00 price target on shares of Ollie’s Bargain Outlet Holdings and gave the company a “hold” rating in a report on Wednesday, August 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.92.

Shares of Ollie’s Bargain Outlet Holdings (OLLI) opened at $44.90 on Friday. The stock has a market cap of $2,659.15, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 1.87 and a beta of 0.16. The company has a quick ratio of 0.29, a current ratio of 2.80 and a debt-to-equity ratio of 0.17. Ollie’s Bargain Outlet Holdings has a fifty-two week low of $27.75 and a fifty-two week 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $254.60 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the firm posted $0.21 EPS. equities research analysts forecast that Ollie’s Bargain Outlet Holdings will post 1.19 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.thecerbatgem.com/2017/11/17/ollies-bargain-outlet-holdings-inc-olli-now-covered-by-analysts-at-citigroup-inc.html.

In other news, CEO Mark L. Butler sold 6,248 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $45.00, for a total value of $281,160.00. Following the sale, the chief executive officer now owns 4,880,480 shares in the company, valued at approximately $219,621,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark L. Butler sold 334,200 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 4,770,421 shares in the company, valued at approximately $219,534,774.42. The disclosure for this sale can be found here. Insiders sold a total of 692,871 shares of company stock worth $31,879,134 in the last 90 days. 22.25% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of OLLI. BlackRock Inc. lifted its position in Ollie’s Bargain Outlet Holdings by 213,381.5% during the 1st 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 in the last quarter. Capital World Investors acquired a new position in Ollie’s Bargain Outlet Holdings during the 2nd quarter worth about $38,979,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in Ollie’s Bargain Outlet Holdings by 22.8% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,640,797 shares of the company’s stock worth $122,533,000 after buying an additional 490,295 shares in the last quarter. State Street Corp lifted its position in Ollie’s Bargain Outlet Holdings by 53.7% during the 2nd quarter. State Street Corp now owns 1,232,162 shares of the company’s stock worth $52,491,000 after buying an additional 430,682 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Ollie’s Bargain Outlet Holdings by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 4,143,766 shares of the company’s stock worth $138,816,000 after buying an additional 266,158 shares in the last quarter. Institutional investors and hedge funds own 91.48% 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)

Receive News & Stock Ratings for Ollie's Bargain Outlet Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ollie's Bargain Outlet Holdings Inc. and related stocks with our FREE daily email newsletter.