Ollie's Bargain Outlet (NASDAQ:OLLI)‘s stock had its “overweight” rating restated by investment analysts at Piper Jaffray Companies in a report released on Thursday. They currently have a $61.00 target price on the stock. Piper Jaffray Companies’ price target points to a potential upside of 19.61% from the company’s previous close.

Several other brokerages have also recently issued reports on OLLI. Jefferies Group reaffirmed a “buy” rating and set a $48.00 target price on shares of Ollie's Bargain Outlet in a research report on Wednesday, August 23rd. Wells Fargo & Company started coverage on Ollie's Bargain Outlet in a research report on Friday, November 3rd. They set a “market perform” rating and a $45.00 target price on the stock. Morgan Stanley started coverage on Ollie's Bargain Outlet in a research report on Monday, September 25th. They set an “equal weight” rating and a $46.00 target price on the stock. Zacks Investment Research raised Ollie's Bargain Outlet from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, August 30th. Finally, Buckingham Research set a $41.00 target price on Ollie's Bargain Outlet and gave the company a “hold” rating in a research report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $49.31.

Shares of Ollie's Bargain Outlet (NASDAQ:OLLI) opened at $51.00 on Thursday. The company has a market capitalization of $3,113.60, a P/E ratio of 46.94, a PEG ratio of 2.10 and a beta of 0.18. Ollie's Bargain Outlet has a 1-year low of $27.75 and a 1-year high of $51.53. The company has a current ratio of 2.80, a quick ratio of 0.29 and a debt-to-equity ratio of 0.17.

Ollie's Bargain Outlet (NASDAQ:OLLI) last released its quarterly earnings data on Wednesday, December 6th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The firm had revenue of $238.10 million during the quarter, compared to the consensus estimate of $233.77 million. Ollie's Bargain Outlet had a return on equity of 10.44% and a net margin of 7.60%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 earnings per share. sell-side analysts expect that Ollie's Bargain Outlet will post 1.2 EPS for the current year.

In other Ollie's Bargain Outlet news, CEO Mark L. Butler sold 110,059 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $46.02, for a total value of $5,064,915.18. Following the transaction, the chief executive officer now owns 4,770,421 shares of the company’s stock, valued at $219,534,774.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Howard Freedman sold 11,500 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $48.50, for a total value of $557,750.00. Following the completion of the transaction, the vice president now directly owns 40,870 shares in the company, valued at approximately $1,982,195. The disclosure for this sale can be found here. In the last three months, insiders sold 1,610,463 shares of company stock worth $75,439,445. Insiders own 22.25% of the company’s stock.

A number of hedge funds have recently bought and sold shares of OLLI. Goldman Sachs Group Inc. lifted its position in shares of Ollie's Bargain Outlet by 27.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 208,271 shares of the company’s stock valued at $8,872,000 after buying an additional 44,743 shares during the last quarter. Wasatch Advisors Inc. lifted its position in shares of Ollie's Bargain Outlet by 1.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock valued at $133,625,000 after buying an additional 37,517 shares during the last quarter. Northern Trust Corp lifted its position in shares of Ollie's Bargain Outlet by 70.9% during the 2nd quarter. Northern Trust Corp now owns 609,254 shares of the company’s stock valued at $25,954,000 after buying an additional 252,781 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Ollie's Bargain Outlet by 7.8% during the 1st quarter. Teachers Advisors LLC now owns 35,577 shares of the company’s stock valued at $1,192,000 after buying an additional 2,578 shares during the last quarter. Finally, Stifel Financial Corp purchased a new position in shares of Ollie's Bargain Outlet during the 2nd quarter valued at $453,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

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Ollie's Bargain Outlet 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 (NASDAQ:OLLI)

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