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

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

A number of other analysts have also issued reports on OLLI. Stephens cut their target price on Ollie’s Bargain Outlet from $73.00 to $66.00 and set an overweight rating on the stock in a research report on Friday, March 25th. Citigroup boosted their target price on 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. Piper Sandler boosted their target price on Ollie’s Bargain Outlet to $78.00 in a research report on Thursday, June 9th. KeyCorp cut their target price on Ollie’s Bargain Outlet from $83.00 to $75.00 and set an overweight rating on the stock in a research report on Thursday, March 24th. Finally, JPMorgan Chase & Co. cut their target price on Ollie’s Bargain Outlet from $45.00 to $39.00 in a research report on Tuesday, May 10th. Three analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $62.93.

OLLI stock opened at $60.70 on Monday. The firm 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 firm’s 50 day moving average price is $49.84 and its 200-day moving average price is $47.42. Ollie’s Bargain Outlet has a one year low of $37.67 and a one year high of $95.43.

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

Hedge funds have recently modified their holdings of the stock. Wolf Group Capital Advisors grew its stake in shares of Ollie’s Bargain Outlet by 213.9% during the fourth quarter. Wolf Group Capital Advisors now owns 52,272 shares of the company’s stock worth $2,676,000 after purchasing an additional 35,620 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Ollie’s Bargain Outlet by 41.1% during the fourth quarter. First Trust Advisors LP now owns 306,711 shares of the company’s stock worth $15,701,000 after purchasing an additional 89,281 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Ollie’s Bargain Outlet during the third quarter worth $66,000. Citigroup Inc. grew its stake in shares of Ollie’s Bargain Outlet by 12.5% during the fourth quarter. Citigroup Inc. now owns 63,904 shares of the company’s stock worth $3,271,000 after purchasing 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 third quarter. LPL Financial LLC now owns 31,146 shares of the company’s stock worth $1,872,000 after purchasing 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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