Analysts Set Ollie’s Bargain Outlet Holdings, Inc. (OLLI) PT at $47.30

Shares of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) have received a consensus rating of “Buy” from the fourteen research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $47.30.

Several equities research analysts have commented on the stock. Bank of America Corporation reiterated a “buy” rating and issued a $52.00 price target on shares of Ollie’s Bargain Outlet Holdings in a research report on Tuesday, September 5th. Zacks Investment Research upgraded Ollie’s Bargain Outlet Holdings from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Wednesday, August 30th. BidaskClub upgraded Ollie’s Bargain Outlet Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 5th. Royal Bank Of Canada boosted their price objective on Ollie’s Bargain Outlet Holdings from $47.00 to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. Finally, Jefferies Group LLC restated a “buy” rating and set a $48.00 price objective on shares of Ollie’s Bargain Outlet Holdings in a report on Wednesday, August 23rd.

In other Ollie’s Bargain Outlet Holdings news, CEO Mark L. Butler sold 334,200 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $46.02, for a total transaction of $15,379,884.00. Following the sale, the chief executive officer now owns 4,770,421 shares in the company, valued at approximately $219,534,774.42. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Kenneth Robert Bertram sold 6,000 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $43.25, for a total value of $259,500.00. Following the sale, the vice president now owns 6,000 shares in the company, valued at approximately $259,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,156,604 shares of company stock worth $52,810,309. Corporate insiders own 22.25% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. purchased a new position in Ollie’s Bargain Outlet Holdings during the 3rd quarter valued at about $247,000. Wasatch Advisors Inc. grew its stake in Ollie’s Bargain Outlet Holdings by 1.2% during the 2nd quarter. Wasatch Advisors Inc. now owns 3,136,746 shares of the company’s stock valued at $133,625,000 after acquiring an additional 37,517 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Ollie’s Bargain Outlet Holdings by 6.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 96,263 shares of the company’s stock valued at $4,101,000 after acquiring an additional 5,487 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in Ollie’s Bargain Outlet Holdings during the 2nd quarter valued at about $445,000. Finally, Ameritas Investment Partners Inc. grew its stake in Ollie’s Bargain Outlet Holdings by 165.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,180 shares of the company’s stock valued at $178,000 after acquiring an additional 2,604 shares in the last quarter. 92.20% of the stock is currently owned by institutional investors.

Ollie’s Bargain Outlet Holdings (NASDAQ:OLLI) last issued its quarterly earnings results on Tuesday, August 29th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. Ollie’s Bargain Outlet Holdings had a net margin of 7.60% and a return on equity of 10.44%. The firm had revenue of $254.60 million for the quarter, compared to analysts’ expectations of $242.85 million. During the same period in the previous year, the business earned $0.21 earnings per share. Ollie’s Bargain Outlet Holdings’s revenue for the quarter was up 20.5% compared to the same quarter last year.

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About Ollie’s Bargain Outlet Holdings

Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.

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

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