Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) traded down 9.8% during trading on Monday . The company traded as low as $58.83 and last traded at $58.99, 4,166,143 shares were traded during trading. An increase of 298% from the average session volume of 1,047,483 shares. The stock had previously closed at $65.40.

A number of research analysts recently commented on the stock. Bank of America lowered their price objective on shares of Ollie’s Bargain Outlet from $110.00 to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Loop Capital lowered their price objective on shares of Ollie’s Bargain Outlet to $75.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Credit Suisse Group reiterated an “outperform” rating and set a $78.00 price objective (down previously from $103.00) on shares of Ollie’s Bargain Outlet in a research note on Thursday, August 29th. BidaskClub upgraded shares of Ollie’s Bargain Outlet from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada upgraded shares of Ollie’s Bargain Outlet from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $65.00 to $67.00 in a research note on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $80.00.

The company has a quick ratio of 0.41, a current ratio of 2.13 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 1.55 and a beta of 0.87. The company’s 50-day simple moving average is $63.91 and its 200-day simple moving average is $76.45.

In other Ollie’s Bargain Outlet news, SVP Kevin Mclain sold 6,917 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $64.03, for a total value of $442,895.51. Also, Director Stanley Fleishman purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was acquired at an average price of $64.66 per share, for a total transaction of $129,320.00. Following the transaction, the director now owns 43,974 shares of the company’s stock, valued at approximately $2,843,358.84. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 29,270 shares of company stock worth $1,892,131. 16.36% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of OLLI. Municipal Employees Retirement System of Michigan boosted its stake in Ollie’s Bargain Outlet by 1.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,530 shares of the company’s stock worth $830,000 after purchasing an additional 130 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Ollie’s Bargain Outlet by 7.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,509 shares of the company’s stock worth $306,000 after purchasing an additional 235 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Ollie’s Bargain Outlet by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,877 shares of the company’s stock worth $1,819,000 after purchasing an additional 295 shares during the period. Optimum Investment Advisors acquired a new stake in shares of Ollie’s Bargain Outlet during the 2nd quarter valued at $26,000. Finally, Lincoln National Corp boosted its stake in shares of Ollie’s Bargain Outlet by 9.5% during the 2nd quarter. Lincoln National Corp now owns 3,472 shares of the company’s stock valued at $302,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Ollie’s Bargain Outlet Company Profile (NASDAQ:OLLI)

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, health and beauty products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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