Ollie’s Bargain Outlet (NASDAQ:OLLI) had its target price boosted by equities research analysts at Royal Bank of Canada from $101.00 to $111.00 in a research report issued on Tuesday, BenzingaRatingsTable reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 12.53% from the stock’s current price.

OLLI has been the subject of several other research reports. Craig Hallum upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $104.00 in a research report on Tuesday, May 26th. Credit Suisse Group cut shares of Ollie’s Bargain Outlet from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $55.00 to $90.00 in a research report on Tuesday, May 26th. JPMorgan Chase & Co. increased their price objective on shares of Ollie’s Bargain Outlet from $81.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. ValuEngine cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Odeon Capital Group cut shares of Ollie’s Bargain Outlet from a “buy” rating to a “hold” rating in a report on Tuesday, April 28th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Ollie’s Bargain Outlet presently has a consensus rating of “Buy” and a consensus price target of $85.63.

NASDAQ OLLI traded down $0.41 on Tuesday, reaching $98.64. The company had a trading volume of 6,471 shares, compared to its average volume of 1,460,814. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 47.72, a price-to-earnings-growth ratio of 2.29 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.68 and a current ratio of 2.48. Ollie’s Bargain Outlet has a 1-year low of $28.83 and a 1-year high of $105.20. The company’s fifty day moving average is $89.50 and its 200-day moving average is $64.18.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.16. The business had revenue of $349.40 million for the quarter, compared to analyst estimates of $322.90 million. Ollie’s Bargain Outlet had a net margin of 9.48% and a return on equity of 12.56%. Ollie’s Bargain Outlet’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. On average, research analysts forecast that Ollie’s Bargain Outlet will post 2.24 earnings per share for the current year.

In other news, SVP Kevin Mclain sold 23,000 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $65.01, for a total value of $1,495,230.00. Following the sale, the senior vice president now directly owns 26,677 shares of the company’s stock, valued at approximately $1,734,271.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John W. Swygert sold 28,062 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $72.50, for a total transaction of $2,034,495.00. Following the completion of the sale, the chief executive officer now directly owns 53,218 shares in the company, valued at $3,858,305. The disclosure for this sale can be found here. 16.46% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new stake in Ollie’s Bargain Outlet during the 4th quarter worth approximately $77,000. Bank of Montreal Can raised its stake in Ollie’s Bargain Outlet by 0.5% during the 4th quarter. Bank of Montreal Can now owns 157,300 shares of the company’s stock worth $10,273,000 after acquiring an additional 768 shares during the period. Assetmark Inc. bought a new stake in shares of Ollie’s Bargain Outlet during the fourth quarter valued at approximately $34,000. Envestnet Asset Management Inc. raised its position in shares of Ollie’s Bargain Outlet by 17.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 34,850 shares of the company’s stock valued at $2,276,000 after buying an additional 5,290 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Ollie’s Bargain Outlet by 22.7% during the fourth quarter. Prudential Financial Inc. now owns 41,580 shares of the company’s stock valued at $2,716,000 after buying an additional 7,680 shares during the last quarter.

Ollie’s Bargain Outlet Company Profile

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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Analyst Recommendations for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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