Ollie’s Bargain Outlet (NASDAQ:OLLI) Given a $70.00 Price Target by Wells Fargo & Company Analysts

Wells Fargo & Company set a $70.00 price target on Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) in a research report sent to investors on Monday morning, Stock Target Advisor reports.

A number of other research analysts also recently issued reports on OLLI. Craig Hallum upgraded shares of Ollie’s Bargain Outlet from a hold rating to a buy rating and upped their target price for the company from $43.00 to $75.00 in a research report on Wednesday, June 8th. Citigroup increased their price target on shares of Ollie’s Bargain Outlet from $43.00 to $55.00 and gave the company a neutral rating in a research report on Thursday, June 9th. UBS Group increased their price target on shares of Ollie’s Bargain Outlet to $55.00 in a research report on Thursday, June 9th. StockNews.com downgraded shares of Ollie’s Bargain Outlet from a hold rating to a sell rating in a research report on Thursday, June 9th. Finally, Royal Bank of Canada upgraded shares of Ollie’s Bargain Outlet from a sector perform rating to an outperform rating and increased their price target for the company from $47.00 to $65.00 in a research report on Thursday, June 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Ollie’s Bargain Outlet currently has an average rating of Hold and an average price target of $62.93.

Ollie’s Bargain Outlet stock opened at $60.70 on Monday. Ollie’s Bargain Outlet has a 1 year low of $37.67 and a 1 year high of $95.43. The company has a market cap of $3.79 billion, a PE ratio of 33.91, a PEG ratio of 1.86 and a beta of 1.10. The company’s 50-day moving average is $49.84 and its two-hundred day moving average is $47.42.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Rating) last released its earnings results on Wednesday, June 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.10). Ollie’s Bargain Outlet had a net margin of 6.72% and a return on equity of 8.58%. The business had revenue of $406.70 million for the quarter, compared to analyst estimates of $417.48 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, research analysts expect that Ollie’s Bargain Outlet will post 1.88 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Wolf Group Capital Advisors raised its holdings in Ollie’s Bargain Outlet by 213.9% during the 4th quarter. Wolf Group Capital Advisors now owns 52,272 shares of the company’s stock worth $2,676,000 after buying an additional 35,620 shares during the period. First Trust Advisors LP grew its stake in shares of Ollie’s Bargain Outlet by 41.1% during the 4th quarter. First Trust Advisors LP now owns 306,711 shares of the company’s stock worth $15,701,000 after acquiring an additional 89,281 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Ollie’s Bargain Outlet during the 3rd quarter worth approximately $66,000. Citigroup Inc. grew its stake in shares of Ollie’s Bargain Outlet by 12.5% during the 4th quarter. Citigroup Inc. now owns 63,904 shares of the company’s stock worth $3,271,000 after acquiring an additional 7,123 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Ollie’s Bargain Outlet by 22.1% during the 3rd quarter. LPL Financial LLC now owns 31,146 shares of the company’s stock worth $1,872,000 after acquiring an additional 5,628 shares in the last quarter.

About Ollie’s Bargain Outlet (Get Rating)

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

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