Ollie’s Bargain Outlet (NASDAQ:OLLI) Price Target Increased to $93.00 by Analysts at KeyCorp

Posted by Defense World Staff on Sep 2nd, 2023

Ollie’s Bargain Outlet (NASDAQ:OLLI – Free Report) had its target price increased by KeyCorp from $79.00 to $93.00 in a report released on Friday morning, MarketBeat Ratings reports. KeyCorp currently has an overweight rating on the stock.

OLLI has been the topic of a number of other research reports. Bank of America increased their price target on Ollie’s Bargain Outlet from $70.00 to $72.00 in a research note on Thursday, June 8th. 22nd Century Group restated a maintains rating on shares of Ollie’s Bargain Outlet in a report on Thursday, June 8th. Loop Capital boosted their target price on Ollie’s Bargain Outlet from $58.00 to $60.00 in a report on Thursday, June 8th. Wells Fargo & Company raised their price target on shares of Ollie’s Bargain Outlet from $67.00 to $83.00 and gave the company an overweight rating in a report on Tuesday, August 15th. Finally, Truist Financial boosted their price objective on shares of Ollie’s Bargain Outlet from $64.00 to $71.00 and gave the stock a hold rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $73.73.

Check Out Our Latest Stock Report on OLLI

Ollie’s Bargain Outlet Price Performance

NASDAQ OLLI opened at $73.96 on Friday. The business has a 50 day moving average price of $69.71 and a 200 day moving average price of $63.16. The company has a market capitalization of $4.57 billion, a P/E ratio of 38.12, a PEG ratio of 1.14 and a beta of 1.00. Ollie’s Bargain Outlet has a 1-year low of $44.72 and a 1-year high of $80.94.

Ollie’s Bargain Outlet (NASDAQ:OLLI – Get Free Report) last issued its quarterly earnings data on Thursday, August 31st. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Ollie’s Bargain Outlet had a return on equity of 8.92% and a net margin of 6.45%. The firm had revenue of $514.50 million during the quarter, compared to the consensus estimate of $499.04 million. During the same period in the previous year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, research analysts expect that Ollie’s Bargain Outlet will post 2.62 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John W. Swygert sold 3,549 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $73.38, for a total value of $260,425.62. Following the sale, the chief executive officer now directly owns 48,200 shares of the company’s stock, valued at $3,536,916. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO John W. Swygert sold 4,690 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $73.26, for a total value of $343,589.40. Following the completion of the transaction, the chief executive officer now owns 48,200 shares in the company, valued at approximately $3,531,132. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO John W. Swygert sold 3,549 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $73.38, for a total value of $260,425.62. Following the sale, the chief executive officer now directly owns 48,200 shares in the company, valued at $3,536,916. The disclosure for this sale can be found here. In the last three months, insiders sold 9,139 shares of company stock worth $670,006. 0.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ollie’s Bargain Outlet

A number of hedge funds have recently added to or reduced their stakes in OLLI. LPL Financial LLC lifted its position in shares of Ollie’s Bargain Outlet by 3.9% in the 4th quarter. LPL Financial LLC now owns 32,811 shares of the company’s stock worth $1,578,000 after buying an additional 1,222 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Ollie’s Bargain Outlet during the first quarter worth about $753,000. Shaker Investments LLC OH lifted its holdings in Ollie’s Bargain Outlet by 1.1% in the fourth quarter. Shaker Investments LLC OH now owns 18,322 shares of the company’s stock worth $858,000 after acquiring an additional 200 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in Ollie’s Bargain Outlet by 14.1% in the first quarter. New Mexico Educational Retirement Board now owns 10,500 shares of the company’s stock valued at $608,000 after acquiring an additional 1,300 shares during the period. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Ollie’s Bargain Outlet by 32.6% during the first quarter. Texas Permanent School Fund Corp now owns 51,909 shares of the company’s stock valued at $3,008,000 after purchasing an additional 12,776 shares during the last quarter.

Ollie’s Bargain Outlet Company Profile

(Get Free Report)

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.