Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) has been assigned a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $46.58.

OLLI has been the topic of a number of research analyst reports. Zacks Investment Research cut Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Royal Bank Of Canada increased their target price on Ollie’s Bargain Outlet from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. Stephens initiated coverage on Ollie’s Bargain Outlet in a report on Tuesday, October 31st. They issued an “overweight” rating and a $53.00 target price on the stock. Bank of America reiterated a “buy” rating and issued a $52.00 target price on shares of Ollie’s Bargain Outlet in a report on Tuesday, September 5th. Finally, Jefferies Group reiterated a “buy” rating and issued a $50.00 target price (up from $48.00) on shares of Ollie’s Bargain Outlet in a report on Thursday, August 31st.

Ollie’s Bargain Outlet (NASDAQ OLLI) traded up $0.05 during trading on Monday, hitting $47.50. The company’s stock had a trading volume of 790,153 shares, compared to its average volume of 404,767. The company has a market cap of $2,914.01, a PE ratio of 43.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.18. Ollie’s Bargain Outlet has a 52-week low of $27.75 and a 52-week high of $48.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.80 and a quick ratio of 0.29.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last posted its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 had a return on equity of 10.44% and a net margin of 7.60%. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. sell-side analysts expect that Ollie’s Bargain Outlet will post 1.19 earnings per share for the current fiscal year.

In related news, CEO Mark L. Butler sold 9,862 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $46.00, for a total value of $453,652.00. Following the completion of the sale, the chief executive officer now directly owns 4,514,418 shares of the company’s stock, valued at approximately $207,663,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark L. Butler sold 110,059 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $46.02, for a total value of $5,064,915.18. Following the completion of 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 quarter, insiders sold 1,242,633 shares of company stock worth $57,751,073. 22.25% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. raised its position in Ollie’s Bargain Outlet by 23.2% in the 2nd 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. D.A. Davidson & CO. raised its position in Ollie’s Bargain Outlet by 14.9% in the 2nd 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. Ameritas Investment Partners Inc. raised its position in Ollie’s Bargain Outlet by 165.2% in the 2nd 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. Royal Bank of Canada raised its position in Ollie’s Bargain Outlet by 302.7% in the 2nd quarter. Royal Bank of Canada now owns 4,257 shares of the company’s stock valued at $182,000 after buying an additional 3,200 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in Ollie’s Bargain Outlet by 1.1% in the 2nd quarter. LS Investment Advisors LLC now owns 4,375 shares of the company’s stock valued at $186,000 after buying an additional 46 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

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About Ollie’s Bargain Outlet

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 (NASDAQ:OLLI)

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