Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) Receives $84.92 Average Target Price from Analysts

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $84.92.

OLLI has been the topic of a number of research reports. Craig Hallum lifted their price target on shares of Ollie’s Bargain Outlet from $98.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Truist Financial lifted their price target on shares of Ollie’s Bargain Outlet from $78.00 to $80.00 and gave the company a “hold” rating in a report on Thursday, March 21st. Loop Capital upgraded shares of Ollie’s Bargain Outlet from a “hold” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $90.00 in a report on Friday, April 5th. The Goldman Sachs Group boosted their target price on shares of Ollie’s Bargain Outlet from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Ollie’s Bargain Outlet from $88.00 to $85.00 and set a “neutral” rating on the stock in a report on Thursday, March 21st.

Insider Activity

In related news, CFO Robert F. Helm sold 2,317 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $78.14, for a total transaction of $181,050.38. Following the completion of the transaction, the chief financial officer now owns 1,777 shares in the company, valued at approximately $138,854.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Ollie’s Bargain Outlet news, CEO John W. Swygert sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $82.57, for a total transaction of $412,850.00. Following the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,979,874. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert F. Helm sold 2,317 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $78.14, for a total transaction of $181,050.38. Following the transaction, the chief financial officer now owns 1,777 shares in the company, valued at approximately $138,854.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,171 shares of company stock worth $1,722,888. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Ollie’s Bargain Outlet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Treasurer of the State of North Carolina grew its position in Ollie’s Bargain Outlet by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 27,065 shares of the company’s stock valued at $2,089,000 after buying an additional 140 shares during the period. Alliance Wealth Advisors LLC UT grew its position in shares of Ollie’s Bargain Outlet by 3.4% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,410 shares of the company’s stock valued at $335,000 after purchasing an additional 144 shares during the period. Precision Wealth Strategies LLC grew its position in shares of Ollie’s Bargain Outlet by 3.0% in the third quarter. Precision Wealth Strategies LLC now owns 5,179 shares of the company’s stock valued at $400,000 after purchasing an additional 149 shares during the period. Teacher Retirement System of Texas grew its position in shares of Ollie’s Bargain Outlet by 0.7% in the third quarter. Teacher Retirement System of Texas now owns 22,294 shares of the company’s stock valued at $1,721,000 after purchasing an additional 151 shares during the period. Finally, Sheets Smith Wealth Management grew its position in shares of Ollie’s Bargain Outlet by 2.5% in the third quarter. Sheets Smith Wealth Management now owns 6,461 shares of the company’s stock valued at $499,000 after purchasing an additional 158 shares during the period.

Ollie’s Bargain Outlet Price Performance

Shares of Ollie’s Bargain Outlet stock opened at $71.52 on Tuesday. The company’s fifty day simple moving average is $76.34 and its 200-day simple moving average is $75.23. The stock has a market capitalization of $4.39 billion, a PE ratio of 24.49 and a beta of 0.76. Ollie’s Bargain Outlet has a 1-year low of $52.93 and a 1-year high of $84.38.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $648.90 million for the quarter, compared to the consensus estimate of $649.39 million. Ollie’s Bargain Outlet had a net margin of 8.63% and a return on equity of 12.55%. The company’s revenue was up 18.0% on a year-over-year basis. During the same period last year, the firm earned $0.84 EPS. As a group, research analysts anticipate that Ollie’s Bargain Outlet will post 3.18 EPS for the current year.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise in the United States. 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.